Chevron More Than Doubles Year-Over-Year Net Income

SUGAR LAND--May 3, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Chevron Corporation (NYSE:CVX) (San Ramon, California) recently reported earnings for the first quarter of the 2010 fiscal year. Net income of $4.55 billion was up 148% from the first quarter of 2009, which had net income of $1.84 billion. The gain was largely due to increased sales volumes and higher prices for both crude oil and natural gas. Industrial Info is currently tracking more than $86 billion of Chevron projects throughout the world. Scheduled to wrap up this year is a terminal expansion project at Chevron's Port Everglades Refined Products Terminal in Fort Lauderdale, Florida.