SF Chronicle: Chevron reports record profit for quarter
Posted by sarahjinn on November 2, 2008
David R. Baker, Chronicle Staff Writer Chevron Corp. on Friday joined the parade of international oil companies reporting record quarterly profits this week, even as analysts warned that the industry’s winning streak was about to end.
Chevron, the country’s second-largest oil company, made $7.89 billion in profit for the year’s third quarter, more than twice its take from the same period last year. For the first nine months of 2008, the San Ramon company’s profit reached $19 billion, with sales of $222 billion. Go to Article