High Oil Price Boost Chevron Profits
U.S. energy giant Chevron Corp. (NYSE:CVX) reported a rise in its first-quarter 2012 profits, benefiting from higher oil prices. Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.39, handsomely above the Zacks Consensus Estimate of $3.30 and the year-ago adjusted profit of $3.17. Quarterly revenue increased marginally (by 0.6%) year-over-year – from [...]
U.S. energy giant Chevron Corp. (NYSE:CVX) reported a rise in its first-quarter 2012 profits, benefiting from higher oil prices.
Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.39, handsomely above the Zacks Consensus Estimate of $3.30 and the year-ago adjusted profit of $3.17.
Quarterly revenue increased marginally (by 0.6%) year-over-year – from $60,341.0 million to $60,705.0 million – but was 17.5% below our projection, pulled down by plunging U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards