Chevron profits jump 36% as oil prices surge

[lonestarnot]

http://www.rawstory.com/rs/2011/04/29/chevron-profits-jump-36-as-oil-prices-surge/

NEW YORK (Reuters) - Chevron Corp (NYSE:CVX - News), the second-largest U.S. oil company, reported a 36 percent jump in quarterly earnings as oil prices surged and refining profits improved along with the global economy.

Oil companies have seen their earnings boosted by the jump in global oil prices above $100 per barrel in the first quarter because of growing global energy demand and unrest in the Middle East and North Africa.

Chevron's first-quarter profit rose to $6.2 billion, or $3.09 per share, from $4.6 billion, or $2.27 per share, a year earlier.

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Hugo is windfall profit taxing oil co.s. We should do the same.

[Vanje]

1. Love that Trickle down!

[AlabamaLibrul]

2. Suggesting we should even breathe the same way as the dicktater won't go over well nt

[Vinnie From Indy]

3. I smell bonuses!

[inna]

4. goddamn kleptocrats.

as for Hugo... he's doing LOTS of things that are commendable. http://www.democraticunderground.com/discuss/duboard.php?az=printer_friendly&forum=405&topic_id=51474&mesg_id=51544

(let's just hope humanitarian drones are not coming his way, next.)