Bloomberg reported that Chevron’s fourth quarter profits surged by 41 percent.
As quoted in the market report:
Net income rose to $3.70 a share from $2.58, or $5.12 billion, a year earlier, the San Ramon, California-based company said in a statement today. Chevron was expected to report per- share profit of $3.06, based on the average of 19 analysts’ estimate compiled by Bloomberg. Sales fell 3 percent to $56.3 billion.