SOURCE: Industrial Info Resources

Industrial Info Resources

January 31, 2011 05:50 ET

Chevron 2010 Net Income Rises 81% From 2009 Doldrums, an Industrial Info New Alert

SUGAR LAND, TX--(Marketwire - January 31, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On Friday, Chevron Corporation (NYSE:CVX) (San Ramon, California) reported positive fourth-quarter and full-year results for the company's 2010 fiscal year. Chevron's full-year net income of $19 billion was up 81% from its 2009 earnings of $10.5 billion.

The company is adding base oil atmospheric residue desulfurization (ARDS) and isodewaxing units, along with a sulfur recovery unit and tank additions, to support a proposed base oil plant at the company's refinery in Pascagoula, Mississippi. Civil work on the project has begun, and mechanical and electrical work will begin later this year. Information on this and other Chevron projects totaling more than $69 billion is available in Industrial Info's North American and International Project Databases.

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