New York - Chevron said Friday its
earnings tripled in the second quarter to 5.4 billion dollars as rising oil prices boosted
energy firms.
Revenue for San Ramon, California-based Chevron rose 29 per cent over the year-earlier period to 51.1 billion dollars.
It reported recovery in its problem-plagued refinery business, but profits were driven largely by oil and natural
gas extraction.
Chevron is among the oil companies forced to deal with a US off- shore drilling moratorium in the wake of the massive
BP oil spill in the Gulf of Mexico.
Economic recovery that has boosted energy prices saw ExxonMobil, ConocoPhillips and Shell all record impressive earnings this week.
