TheNewsRoom | Chevron Expects Higher Q3 Earnings

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Chevron Expects Higher Q3 Earnings

October 09, 2009

Chevron, the second largest US oil company, announced on Friday that it expects significantly higher third quarter earnings based on higher prices for crude and gains from tax items and asset sales which total about $400 million. The company stated, however, that results from its downstream businesses, which include refining and marketing, should be flat this quarter.