Complete this Form and 2-3 Lenders will compete to Find You the best possible Loan
Click Here

Refinance your home & lower rate

Borrow up to 125% of your home's value

Lower your monthly payments

Pay off your mortgage faster

Get cash for just about anything

No Income Verification Loans

Adjustable or Fixed Rates

Consolidate your 1st & 2nd Mortgages into one Low Rate Mortgage

Jumbo mortgage loans up to 2 Million!

Chevron posts record $4.1B income

July 30, 2004

NEW YORK (Reuters) - ChevronTexaco Corp. said Friday quarterly earnings more than doubled thanks to higher energy prices and some one-time gains, though asset sales cut into oil and gas production.

The San Ramon, Calif.-based company said net income rose to a record $4.1 billion, or $3.88 a share, in the second quarter, from $1.60 billion, or $1.50, in the year-earlier period.

Excluding a $585 million gain from the sale of Canadian properties and $255 million from international income tax benefit, the No. 2 U.S. oil company earned $3.09 a share. Second-quarter results also include $45 million in foreign exchange gains.

Results in the year-earlier period were hurt by $157 million of foreign exchange losses and $117 million in one-time charges.

Analysts on average expected ChevronTexaco to earn $2.70 a share, according to Reuters Estimates.

Quarterly sales and other revenue surged 26 percent to $37 billion from $29.4 billion, fueled by record prices for oil and gasoline, high natural gas prices and asset sale gains.




More Financial News


[ Refinance | Purchase | Home Equity | Second Mortgage | Debt Consolidation | Home Improvement | Financial News | FHA Streamline Refinance]
[ Refinance - Home | About | Getting Started | Contact Us | Privacy/Disclosure | Disclaimers ]

Copyright 2000-2013 and Beyond, All Rights Reserved.
This is not an Ad for credit as defined by paragraph 226.24 of regulation Z. See Privacy for Details.