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Chevron is Big Oil’s latest profit gusher
Published Monday, May 5, 2008
SAN RAMON, Calif. (AP) - Astounding profits in the oil industry are becoming as routine as the anguished looks of motorists filling up their gas tanks. Chevron Corp. put yet another exclamation point on the oil patch’s long run of prosperity Friday with a first-quarter profit of $5.17 billion, or $2.48 per share. That was up 10 percent from net income of $4.72 billion, or $2.18 per share, last year. It was the second-highest quarterly profit in the company’s 129-year history. Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Copyright © 2008 The Columbia Daily Tribune. All Rights Reserved.
The Columbia Daily Tribune
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