Monday, August 4, 2008

More Chevron Record Profits

By Chris Thompson
Mon, Aug 4, 2008 at 8:09 AM

If it's another financial quarter, it's another round of record profits for Chevron. This time, the Los Angeles Times reports that the San Ramon oil concern posted net income of $6 billion, despite a drop in production and some sudden money-losing ventures. Apparently, Chevron's refining and marketing business can go from earning $1.3 billion to losing $734 million, and the company can still break the bank. Welcome to the world, ladies and gentlemen.

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