CVX Surprise -- January 30, 2015; Illegals Slamming DMV Offices In California

See disclaimer.

Reporting today:

Chevron (CVX): forecast, $1.64; beats; fourth-quarter net income of $3.47 billion, or $1.85 per share, compared with $4.93 billion, or $2.57 per share, a year earlier. Analysts on average had expected earnings of $1.63 per share the second-largest U.S. oil producer, reported a higher-than-expected quarterly profit on Friday as sales of chemicals, lubricants and other refined products helped offset plunging crude prices (CLc1).

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This Will Warm The Cockles Of Ms Lynch's Heart

CBSLocal is reporting:

The Department of Motor Vehicles is so overwhelmed with requests for new driver’s licenses and vehicle registrations that it can take up to three months to get an appointment or a half-day wait in the lobby.

The spokesman said the DMV is working to address the problems, but some people are having to take a day off of work to handle a 15-minute transaction. [It's worth the wait, believe me.]

At the Hollywood DMV office, Jose Quiroz’s DMV ordeal spanned two days of waiting patiently with his family to have his license renewed.

“Yesterday, I was here for four hours standing outside, and when I got to the front line they said that they were not taking us in no more,” Quiroz told Bryan. “And now I am back here again, because I am here to fix my license, and I have been here five or six hours.”

One driver received a letter from the DMV on Jan. 6 that advised he had to renew in person at a DMV office but had until March 8 — two months — before his current license expired. The driver went online to make an appointment, but discovered there were no appointments available within 50 miles of his home before March 8.

In fact, we found eight DMV offices, including Hollywood, Riverside, Costa Mesa, and Ventura that had nothing available before March 11, after his license would have expired.
The wait for an appointment was even longer eight other DMV offices, including Thousand Oaks, Van Nuys and Torrance. They had no appointments available until April, more than three months away.

Much more at the link.