Chevron triples quar­terly profit

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

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.

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