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NEW YORK — Chevron’s fourth-quarter net income jumped 72 percent as rising fuel demand lifted oil prices and produced a turnaround in its refinery business.
Chevron reported net income of $5.3 billion, or $2.64 per share, for the final three months of 2010. That compares with $3.1 billion, or $1.53 per share, in the same part of 2009. Revenue climbed 11 percent to $54.03 billion.
Chevron also announced Friday that it plans to get out of the coal industry by the end of the year, selling off three coal mines, including one near Kemmerer, Wyo.
