Texaco’s net income jumped 307% to $527...

Texaco’s net income jumped 307% to $527 million in the second quarter. The White Plains, N.Y., company noted that second-quarter earnings include an after-tax gain of $301 million from the sale of its West German subsidiary, Deutsche Texaco AG. It also credited improved margins and petrochemical earnings for the gain. Revenue rose 10% to $9.4 billion.