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WildCatStocks

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WildCatStocks

Re: mikemich post# 237

Tuesday, 02/14/2012 5:25:31 PM

Tuesday, February 14, 2012 5:25:31 PM

Post# of 948
Major profit gains?

Chevron is currently trading around $102 in a very volatile market. The stock has been trading sideways all year and will probably continue. The fourth quarter report listed a decline in revenue for the quarter but a 41% gain in earnings for the full year. Revenue was up about 15% for the full year on higher prices for crude oil. A combination of favorable commodity pricing and increases in refining margins helped this stock as well. This is a trend that should be seen across the industry and into 2012.
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