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EARNINGS / ENERGY Exxon, Chevron Profits Surge; Gulf Crisis Cited
[Home Edition]
Los Angeles Times (pre-1997 Fulltext) - Los Angeles, Calif.
Date: Jan 25, 1991
Start Page: 2
Section: Business; PART-D; Financial Desk
Abstract (Document Summary)

Chevron profited earlier in 1990 on sales of refined products and on exploration and production when crude oil prices rose after the Aug. 2 Iraqi invasion of Kuwait, [Kenneth T. Derr] said.

OIL COMPANIES Fiscal Year Exxon (1990): $5,010* Exxon (1989): $3,510* Chevron (1990): $2,150*Chevron (1989): $251*

Fourth quarter Exxon (1990): $1,560* Exxon (1989): $485* Chevron (1990): $633*Chevron (1989): -$833* * In millions

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