ChevronTexaco Earnings Climb Better-Than-Expected 33 Percent

[WLKjr]

Hmmm....I don't understand the economics of this.

<snip>
Fox News
Friday, April 30, 2004

SAN RAMON, Calif. — Driven by soaring gasoline prices, ChevronTexaco Corp.'s (CVX) first-quarter earnings climbed 33 percent, continuing the oil giant's recent run of gushing profits.



The San Ramon, Calif.-based company said Friday that it earned $2.56 billion, or $2.40 per share, in the three months ended March, up from $1.92 billion, or $1.81 per share, at the same time last year.

This year's results outstripped the mean estimate of $2.02 per share among analysts surveyed by Thomson First Call.

First-quarter revenue totaled $33.6 billion, up 9 percent from $30.8 billion last year.

EDITED BY ADMIN: COPYRIGHT

</snip>
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[jamesinca]

1. Now that it earned $2.56 billion last qurter it can lower gas prices

At this pace that is $10 billion for the year. I am getting a bicycle!!!

[BadGimp]

2. Unocal - Revs up 6% - Profits up 100%

do the math

then reach aronud an feel the gass nozzle stuck up our collective asses

God damn I hate these fuckin Oil Barons and their God Dammed War!!

[The_Casual_Observer]

3. Better than expected?

I would have expected a record quarter!

[Moderator]

4. WLKjr

Per DU copyright rules
please post only four
paragraphs from the
news source.

Thank you.

DU Moderator

[WLKjr]

5. okay, thnx for the info

didn't know or didn't see it in the posting rules. Sorry about that.