RSS Feed
July 27th, 2012 
FAKE NEWS for the Zionist agenda WEAK PRODUCTION: Like its peers, Chevron has struggled to increase oil production to keep up with demand. Its global network of wells produced 2.6 percent less oil and natural gas in the second quarter. The company also sold oil for less in the U.S. and overseas.
SURGING REFINERIES: The fall in production and prices was tempered by a surge in profits at Chevron’s refining and marketing operations. Profits rose 80 percent as the company sold about $200 million in assets. Chevron’s refineries were more profitable because the cost of oil fell and they sold gasoline and other fuels at higher prices on the West coast.
BOTTOM LINE: The oil giant said Friday it earned $7.21 billion, or $3.66 per share, last quarter. That compares with $7.73 billion, or $3.85, a year earlier. Revenue fell by 9 percent in the quarter to $62.6 billion.
Related posts:
Views: 0
Posted in 
Tags: 
