ChevronTexaco moves to profit after big writeoff a year agoProduction drop, downstream loss lead company chairman and CEO Dave O’Reilly to call the fourth quarter and the rest of 2002 unsatisfactory Allen Baker PNA Contributing Writer
ChevronTexaco, the nation’s second-largest oil company, reported a profit of $904 million for the fourth quarter, compared with a huge loss a year ago due to merger writeoffs.
The company had also posted a third-quarter loss, oddly also totaling $904 million, on big charges related to writeoffs invo....
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Production drops Downstream loss Disappointing year
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