ChevronTexaco quarterly earnings up, production downPrice gains keep earnings, revenues rising as oil, gas flows both shrink Allen Baker Petroleum News Contributing Writer
ChevronTexaco, the second-largest U.S. oil company, posted earnings of $1.92 billion for the first quarter. That was a 165 percent gain over the $725 million the company posted in the same quarter a year ago. And it was more than double the profits of $904 million for the fourth quarter.
The hefty....
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