Dominion Lending Centres Clearlease Reports Chevron Corp (NYSE:CVX) forecasts higher 1st quarter profit compared with 4Q results; oil prices cited
SAN RAMON, Calif. – (April 12, 2011) Clearlease.com Reports Chevron Corp (NYSE:CVX) on Monday said it expects to post a higher first-quarter profit than it reported for last year’s fourth quarter, due in part to rising oil prices.
Chevron did not offer a specific profit forecast in advance of its quarterly report on April 29.
The company said the outlook for its exploration and production arm has been improved by the rise in oil prices, which have soared more than 30 per cent since mid-February as traders worry political violence in the Middle East and North Africa could disrupt crude supplies.
Chevron got $88.23 per barrel for crude oil during January and February, up almost 11 per cent from its fourth-quarter average of $79.56, and up 20 per cent from the first quarter of 2010. Natural gas prices are also higher than they were in the fourth quarter, although they have fallen from first quarter 2010 levels.
However, Chevron said it expects a “slightly lower” first-quarter profit at the portion of its business that includes oil refining, compared with the fourth quarter. The company cited reduced gains from asset sales, largely offset by higher U.S. profit margins.
The projections are based on the first two months of the first quarter, Chevron said.
Analysts surveyed by FactSet expect Chevron to post a first-quarter profit of $2.86 per share, on average.
Chevron updated its first-quarter expectations after its shares fell $1.88, or 1.7 per cent, to close at $107.78. In after-hours trading, the stock fell a further 28 cents to $107.50.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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SAN RAMON, Calif. – (April 12, 2011) Clearlease.com Reports Chevron Corp (NYSE:CVX) on Monday said it expects to post a higher first-quarter profit than it reported for last year’s fourth quarter, due in part to rising oil prices.
Chevron did not offer a specific profit forecast in advance of its quarterly report on April 29.
The company said the outlook for its exploration and production arm has been improved by the rise in oil prices, which have soared more than 30 per cent since mid-February as traders worry political violence in the Middle East and North Africa could disrupt crude supplies.
Chevron got $88.23 per barrel for crude oil during January and February, up almost 11 per cent from its fourth-quarter average of $79.56, and up 20 per cent from the first quarter of 2010. Natural gas prices are also higher than they were in the fourth quarter, although they have fallen from first quarter 2010 levels.
However, Chevron said it expects a “slightly lower” first-quarter profit at the portion of its business that includes oil refining, compared with the fourth quarter. The company cited reduced gains from asset sales, largely offset by higher U.S. profit margins.
The projections are based on the first two months of the first quarter, Chevron said.
Analysts surveyed by FactSet expect Chevron to post a first-quarter profit of $2.86 per share, on average.
Chevron updated its first-quarter expectations after its shares fell $1.88, or 1.7 per cent, to close at $107.78. In after-hours trading, the stock fell a further 28 cents to $107.50.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Dominion Lending Centres Clearlease Reports Chevron Corp (NYSE:CVX) forecasts higher 1st quarter profit compared with 4Q results; oil prices cited
SAN RAMON, Calif. – (April 12, 2011) Clearlease.com Reports Chevron Corp (NYSE:CVX) on Monday said it expects to post a higher first-quarter profit than it reported for last year’s fourth quarter, due in part to rising oil prices.
Chevron did not offer a specific profit forecast in advance of its quarterly report on April 29.
The company said the outlook for its exploration and production arm has been improved by the rise in oil prices, which have soared more than 30 per cent since mid-February as traders worry political violence in the Middle East and North Africa could disrupt crude supplies.
Chevron got $88.23 per barrel for crude oil during January and February, up almost 11 per cent from its fourth-quarter average of $79.56, and up 20 per cent from the first quarter of 2010. Natural gas prices are also higher than they were in the fourth quarter, although they have fallen from first quarter 2010 levels.
However, Chevron said it expects a “slightly lower” first-quarter profit at the portion of its business that includes oil refining, compared with the fourth quarter. The company cited reduced gains from asset sales, largely offset by higher U.S. profit margins.
The projections are based on the first two months of the first quarter, Chevron said.
Analysts surveyed by FactSet expect Chevron to post a first-quarter profit of $2.86 per share, on average.
Chevron updated its first-quarter expectations after its shares fell $1.88, or 1.7 per cent, to close at $107.78. In after-hours trading, the stock fell a further 28 cents to $107.50.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###