Chevron Reports Second Quarter Net Income of $3.7 Billion
Posted: 01 August 2005
 Send this article
Chevron Corp. reported net income of $3.7 billion ($1.76 per share – diluted) for the second quarter 2005, compared with $4.1 billion ($1.94 per share – diluted) in the year-ago period. The amount in 2004 included a special-item gain of $0.6 billion ($0.28 per share) from asset sales and a benefit of $0.2 billion ($0.12 per share) from a tax-law change for certain international operations.
For the first six months of 2005, net income was $6.4 billion ($3.04 per share – diluted), vs. $6.7 billion ($3.14 per share – diluted) in the 2004 first half, which included $0.8 billion ($0.37 per share) of benefits for the effect of special items and the tax-law change.
Sales and other operating revenues in the second quarter 2005 were $47 billion, up $11 billion from the 2004 period. Six-month sales and other operating revenues were $88 billion, up $18 billion. The increase in both periods was mainly attributable to higher prices for crude oil, natural gas and refined products.
Posted by Editor Pipeline Magazine
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Reflex Publishing ME FZ LLC.
Send press release to info@pipelinedubai.com |
