Tuesday, May 6, 2008

Chevron Posts Second Highest Quarterly Profit

Chevron Corp. put yet another exclamation point on the oil patch's long run of prosperity Friday with a first quarter profit of $5.17 billion, or $2.48 per share. That was up 10 percent from net income of $4.72 billion, or $2.18 per share, last year. It was the second highest quarterly profit in the company's 129 year history and marked the most money that it has ever made during the January -March period. That puts the no. 2 U.S. oil company on track for its fifth consecutive year of record earnings. I wish the common people could make such profits. Wouldn't that be grand?

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