Like other oil majors, Chevron profits slip

Oil   Oil
By Chris Kahn on July 27, 2012

NEW YORK (AP) — A soaring profit at Chevron's refineries eased some of the pain of a weaker second quarter.

The oil giant said Friday net income fell nearly 7 percent to $7.21 billion, or $3.66 per share. But the results beat expectations thanks to a strong performance from its refinery business.

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earnings
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