H-P CEO Asks for Five Years and 3 Dow Movers Demanding Attention
Chevron Corporation (NYSE:CVX): Current price $111.92
Chevron, the second-largest domestic oil company after Exxon Mobil Corporation in market value, anticipates fourth-quarter earnings that are “notably higher” than those of the third quarter, even as the residuals of the August fire at its California refinery lingered. Chevron benefited from a $1.4 billion asset exchange in Australia, and West Texas oil field purchases that boosted its oil and gas output. In addition, its bottom line was helped by a slight rebound in oil and natural gas prices midway through the quarter. In its third quarter, a gain of $600 million in revenues contributed to a profit of $5.25 billion.