White Plains, N.Y.-based Texaco Inc. said it...
White Plains, N.Y.-based Texaco Inc. said it earned $381 million, or $1.42 a share, in the fourth quarter, compared to $349 million, or $1.25 a share, a year earlier. Revenue climbed to $8.9 billion from $8.5 billion.
Excluding special items, Texaco said, its net earnings rose to $399 million from $339 million.
“Fourth-quarter earnings reflect some early results of the company’s focused programs to emphasize core activities and business growth opportunities, together with the sales of non-core assets,” Chairman Alfred DeCrane said.
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