Chevron Corp , the second-largest U.S. oil company, said on Thursday its fourth-quarter profit would be "notably higher" than the previous quarter as oil and gas output bounced back and it booked a $1.4 billion gain on an asset transaction.
Chevron is also preparing to bring its refinery in Richmond, California, back to full production this quarter, after the crude unit of the 245,000-barrels-per-day plant was badly damaged in an August fire.I like the word "notably."
From a press release:
Chevron is the nation'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.All things being equal that would equate to a share price of about $122, which would be a 52-week high and an all-time high based on Yahoo!Finance chart set at "max."
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