Chevron 4Q profit jumps 72 pct as oil prices rise

Associated Press Modified: January 28, 2011 at 1:05 pm •  Published: January 28, 2011
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NEW YORK (AP) — Chevron's fourth-quarter net income jumped 72 percent as rising fuel demand lifted oil prices and produced a sharp turnaround in its refinery business. Here's how the company's businesses fared in the final three months of the year.

NET EARNINGS: $5.3 billion

—U.S. exploration and production: down 13 percent to $930 million;

—International exploration and production: up 27 percent to $3.9 billion;

—U.S. downstream (includes refineries): $475 million profit compared with $333 million loss in year-ago period;

—International downstream (includes refineries): $267 million profit compared with $340 million loss in year-ago period.



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