Chevron Corp., the No. 2 U.S. oil company, posted a sharp rise
in quarterly profit Friday, boosted by a strong surge in crude oil
prices.
Net income in the first quarter increased to $4 billion, or $1.80 a
share, from $2.7 billion, or $1.28, in the year-earlier
period.
and...
Exxon Mobil Corp., the world's biggest oil company, said
first-quarter net income climbed to $8.4 billion from $7.86 billion
as increasing global energy demand lifted prices.
Per-share profit rose to $1.37 from $1.22 a year earlier, Irving,
Texas-based Exxon Mobil said today in an e-mailed statement. The
company was expected to earn $1.47 a share, the average estimate
from 20 analysts surveyed by Thomson Financial.
if you believe Big Oil isn't profiteering, i've got a used car you
may be interested in
