Chevron Posts Higher Earnings
April 9, 2008
Despite producing less oil this quarter than in the last, Chevron Corp. announced yesterday that they are expecting net income for the first quarter to be higher than earnings for the last year’s fourth quarter.
Production and exploration are being hailed as the reason behind the mild upward movement in revenues, along with higher prices on both oil and natural gas.
The interim quarterly report of Chevron closed at $89.95, which has led the company’s shares up by 0.7%.
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