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Chevron expects 4Q profit to beat 3Q


February 20. 2013 1:36AM
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(AP) Chevron Corp. expects fourth-quarter earnings to be notably higher than third-quarter profit.


The company said Thursday that its fourth-quarter results will be helped by bigger gains on asset sales and more oil and gas production.


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.


Associated Press


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