Chevron triples quarterly profit
Chevron’s second-quarter earnings tripled on better refining margins and higher prices for oil and natural gas. The results easily beat most Wall Street expectations. San Ramon, Calif.-based Chevron is the latest oil major to report big gains in the second quarter as demand for oil and gasoline has pushed prices higher. Irving-based Exxon Mobil Corp. posted income of $7.56 billion in the quarter, its best result since the last three months of 2008.