Friday, April 28, 2006

Gee, this is surprising

From an article at CNNMoney:

Chevron pumps higher profit American oil company beats estimates on surging crude prices.
April 28, 2006: 9:16 AM EDT NEW YORK
(Reuters) - 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.

Analysts, on average, expected a profit of $1.78 a share, according to Reuters Estimates. Chevron (Research) revenue jumped to $54.62 billion from $41.61 a year
earlier. Oil and gas companies are enjoying an unusually robust quarter, propelled largely by the surge in oil prices due to fears of supply disruptions and booming demand.


Assholes.

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