Chevron profit tops estimates

Energy company’s refining gains ease drop in net income

Posted: July 28, 2012 at 2:08 a.m.

Chevron’s oil refineries and filling stations, like this one in downtown Los Angeles, earned the oil company $1.88 billion in the second quarter, Chevron said Friday.

Chevron Corp., the second-largest U.S. energy company by market value, topped the highest second-quarter profit estimate from analysts after an 80 percent jump in refining returns helped make up for falling oil prices.

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Business, Pages 27 on 07/28/2012