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Chevron posts highest profit in eight years on surging oil, gas prices -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Chevron logo is seen in Los Angeles (California), United States on April 12, 2016. REUTERS/Lucy Nicholson

(Reuters) – Chevron On Friday Corp (NYSE 🙂 reported its eighth highest quarterly profit since 2008, thanks in part to surging crude oil and gasoline prices. Refineries margins have also been boosted by a recovering motor fuel market.

Net income was $6.11Billion, which is $3.19 per share. This compares to a loss in revenue of $207M, or 12c per share, one year ago.

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