SOURCE: Industrial Info Resources

Industrial Info Resources

May 03, 2010 05:10 ET

Chevron More Than Doubles Year-Over-Year Net Income, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 3, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Chevron Corporation (NYSE:CVX) (San Ramon, California) recently reported earnings for the first quarter of the 2010 fiscal year. Net income of $4.55 billion was up 148% from the first quarter of 2009, which had net income of $1.84 billion. The gain was largely due to increased sales volumes and higher prices for both crude oil and natural gas. Industrial Info is currently tracking more than $86 billion of Chevron projects throughout the world. Scheduled to wrap up this year is a terminal expansion project at Chevron's Port Everglades Refined Products Terminal in Fort Lauderdale, Florida.

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