Record income at Chevron-Texaco - Democratic Underground

CShine

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Sat May-01-04 12:57 AM
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Record income at Chevron-Texaco

ChevronTexaco, the second-biggest oil and gas company in the US, on Friday reported record first-quarter net income - $2.56bn, or $2.40 a share, up 33 per cent on the year.

The record figures continue a trend among the company's peers. The industry has profited from high oil and natural gas prices, as well as increased demand and better margins for refined products and chemicals.

"All of ChevronTexaco's business segments were better than we had modelled," said Michael Mayer at Prudential Financial. He had forecast earnings per share of $2.05, and the consensus estimate of analysts was $2.02 per share.

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1083180203526&p=1012571727085

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stopbush

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Sat May-01-04 11:05 AM
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1. And to think they just stopped their support for the Met Opera

radio broadcasts after 64 years of uninterrupted underwriting. I guess the $3MM per year they donated to the Met was better spent on corporate lunches and memberships at elitist golf courses for the top suits.

Fuckers.

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mbperrin

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Sat May-01-04 11:26 AM
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2. Boy, that's a relief!

I was afraid they weren't getting any of the money off these prices!

</total disconnect with world>

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Coventina

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Sat May-01-04 11:30 AM
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3. Aren't there laws about war profiteering?

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Just Me

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Sat May-01-04 11:33 AM
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4. Laws on the books are meaningless without enforcement,...

,...and I think we can all agree that laws such as these are rarely enforced.

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leesa

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Sat May-01-04 11:56 AM
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5. Condie's done her job for Chevron!

It's so wonderfully patriotic of these folks as our troops don't have the fuel they need, truckers are having to block freeways because they can't afford to operate, people spent a cold winter shivering because they couldn't afford fuel oil...

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mrdmk

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Sat May-01-04 12:18 PM
Response to Reply #5

6. And that folks, is about it! n/t

:headbang:

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