Its profit of $14.1 billion for the full year was also a record for Chevron.
Big Oil Keeps Chugging With Chevron's Record Quarter
Chevron Fourth-Quarter Earnings Rise 20 Percent to Company Record of $4.14 Billion
By MICHAEL LIEDTKE AP Business Writer
SAN RAMON, Calif. Jan 27, 2006 — Chevron Corp.'s fourth-quarter profit climbed 20 percent to $4.14 billion, a company record that continued the most prosperous stretch in its 126-year history as the oil company capitalizes on high fuel prices that are squeezing consumers and ruffling politicians.
Its profit of $14.1 billion for the full year was also a record for Chevron. It now has posted record annual profits in each of the last two years, earning a combined $27.4 billion.
The San Ramon, Calif.-based company's earnings for 2005's final quarter, released Friday, represented the most it has made in any three-month period since its inception in 1879. The performance edged the $4.13 billion earned during the second quarter of 2004 the early stages of a two-year boom.linkgouge
Chevron Fourth-Quarter Earnings Rise 20 Percent to Company Record of $4.14 Billion
By MICHAEL LIEDTKE AP Business Writer
SAN RAMON, Calif. Jan 27, 2006 — Chevron Corp.'s fourth-quarter profit climbed 20 percent to $4.14 billion, a company record that continued the most prosperous stretch in its 126-year history as the oil company capitalizes on high fuel prices that are squeezing consumers and ruffling politicians.
Its profit of $14.1 billion for the full year was also a record for Chevron. It now has posted record annual profits in each of the last two years, earning a combined $27.4 billion.
The San Ramon, Calif.-based company's earnings for 2005's final quarter, released Friday, represented the most it has made in any three-month period since its inception in 1879. The performance edged the $4.13 billion earned during the second quarter of 2004 the early stages of a two-year boom.linkgouge
