Saturday, May 01, 2004

Record income at Chevron-Texaco

Thanks to Drudge, for the link.

ChevronTexaco, the second-biggest oil and gas company in the US, on Friday reported record first-quarter net income - $2.56bn, or $2.40 a share, up 33 per cent on the year.

The record figures continue a trend among the company's peers. The industry has profited from high oil and natural gas prices, as well as increased demand and better margins for refined products and chemicals.


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