Chevron First-Quarter Profit Rises as Energy Prices Increase

brooklynite

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Fri Apr-28-06 08:41 AM
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Chevron First-Quarter Profit Rises as Energy Prices Increase

April 28 (Bloomberg) -- Chevron Corp., the second-largest U.S. oil company, said first-quarter profit rose to $4 billion from $2.68 billion as energy prices soared.

Per-share profit climbed to $1.80 from $1.28 a year earlier, the San Ramon, California-based company said today in a statement. The company was expected to earn $1.78 a share, the average estimate from 20 analysts surveyed by Thomson Financial. Thomson has declined to give the parameters of its estimates.

http://www.bloomberg.com/apps/news?pid=10000087&sid=alk8f4lWIkAk&refer=top_world_news
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no doubt another sign of our booming economy...

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jerry611

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Fri Apr-28-06 08:45 AM
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1. But they say the market sets the prices!!

Edited on Fri Apr-28-06 08:45 AM by jerry611

These companies must think Americans are stupid...

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Betsy Ross

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Fri Apr-28-06 09:45 AM
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2. That is just under a 50% increase.

Makes sense. Gas is up about 50% over last year.

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