New York - Chevron Corp, the second-largest US oil company, said Friday profits soared to a recored in the second quarter on surging oil prices.
Net profits rose 11 per cent to 6 billion dollars, or 2.90 dollars per share, from 5.4 billion dollars, or 2.52 dollars per share, in the year-earlier period, the San Ramon, California-based energy company said. Still, earnings fell below analysts' estimates.
Revenue rose 48 per cent to 82.9 billion dollars.