ENERGY EARNINGS

ENERGY EARNINGS

First Quarter Earnings

Soar at Chevron Corp.Chevron Corp. reported first quarter earnings of $653 million, $1.91 a share, compared with $361 million, $1.06 a share.

Sales were $7.5 billion for the first quarter, up from $6.8 billion.

The increase in revenue was mainly the result of price increases for chemicals and natural gas and volume increases for crude oil and refined products.

Refining and marketing earned $134 million, compared with a $46 million loss a year earlier.