Chevron expects 4Q profit to beat 3Q
Associated Press :San Ramon, Jan 11 2013, 09:29 IST
Chevron Corp. expects fourth-quarter earnings to be “notably higher'' than third-quarter profit.
The company said Thursday that its fourth-quarter results will be helped by bigger gains on asset sales and more oil and gas production.
Chevron is America's second-biggest oil company, and it earned $5.25 billion, or $2.69 per share, in the third quarter.
Analysts expect the company to report earnings of $3.03 per share when it posts fourth-quarter results on Feb. 1.
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