Feb 1 Chevron Corp posted a rise in
quarterly profit on Friday as its refining arm managed to
improve earnings despite the crippling of the company's oldest
refinery last August by a fire.
The second-largest U.S. oil producer said fourth-quarter net
income rose to $7.2 billion, or $3.70 per share, from $5.1
billion, or $2.58 per share, a year earlier.
The latest results included a gain of $1.4 billion from an
asset exchange. Including that gain, earnings in the oil and gas
production business rose 20 percent to $6.9 billion, and
refining operations posted a profit of $925 million, compared
with a loss of $61 million a year before.