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Fortune 500 - #3

by Christopher Tkaczyk and David Goldman
Monday, April 21, 2008
provided by

Courtesy: Chevron Corporation
3_Chevron.jpg

Chevron
Last Year's Ranking: 4
Revenue ($ millions): 210,783.00
Profit ($ millions): 18,688.00

The second-largest U.S. oil company posted its highest annual profit ever, with 2007 income of $18.6 billion. Still, like the rest of the industry, its earnings from rising crude prices were pinched by increased refining costs. The company has also invested in energy alternatives, including geothermal and biodiesel fuels, and signed contracts to develop oil fields in China. This past February, it was added back into the Dow Jones industrial average for the third time in the history of the index.

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