Chevron Corp.: Third-quarter earnings for the San...
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Chevron Corp.: Third-quarter earnings for the San Francisco-based oil firm slipped to $417 million from $420 million a year ago. Revenue totaled $8 billion, up 11%. The results include a $37-million gain from the sale of Chevron’s investment in Amax Inc. last year, which was mostly offset by a $30-million loss provision for the disposition of certain producing properties. The revenue increase reflected higher prices for refined products and crude oil. Petroleum operating earnings improved, the company said, but chemical operations were weaker.
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