High oil prices: Chevron rakes in $ 27 billion in one year (mirror)
San Ramon – The money could buy Chevron, the German post office – and could even what’s left. The American oil giant has earned over the past year approximately 26.9 billion dollars. That was an increase of 41 percent and new record for the company. Reason was the high oil price, which was cut in 2011 at more than $ 100.
“Chevron has, from a financial point of view an extraordinary year behind him,” said CEO John Watson. The gain would even be able to be even higher. In the final quarter, the group was with the further processing of the oil refineries in the loss.
Other energy companies benefit from high oil prices. ConocoPhillips was able to force up its full-year profit to 12.4 billion dollars. Industry leader ExxonMobil – the operator of the Esso gas stations – comes after nine months now, to 31.7 billion dollars and will announce its annual results on Tuesday
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