EconoBlog

Chevron Corp., the second largest U.S. oil company, said Friday its profit rose 29.2% in the fourth quarter, beating expectations, as surging prices for crude oil offset weak results from its refining business.The oil company posted earnings of $4.88 billion, or $2.32 per share, up from $3.77 billion, or $1.74 per share, a year earlier. […]

The Anglo-Dutch oil and gas company posted a 60.4% increase in fourth-quarter profits Thursday, to $8.5 billion, from $5.3 billion, but most of the gain came from the jump in crude prices this year. Excluding price fluctuations and a $963 million gain from asset sales, net profit for the quarter came in at a more […]