27 October 2006 14:16 [Source: ICIS news]
HOUSTON (ICIS news)--Chevron reported on Friday that its chemical sector earnings jumped to $168m (€132m)in the third quarter of 2006, up from only $6m in the corresponding period of 2005.
"Earnings for the 50%-owned Chevron Phillips Chemical Company and [Chevron's] Oronite subsidiary were both negatively affected in the 2005 quarter by impacts of hurricanes in the ?xml:namespace>
For all operations, the San Ramon, California-based oil company said its net income rose 40% to $5bn, compared with $3.6bn in the third period of 2005.
Capital expenditures for the chemical sector in the
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