>>Here is some proof that you are correct.
>>
>>http://biz.yahoo.com/ap/070203/earns_oil.html?.v=2
>>
>>Chevron up Chevron down. It is a volatile industry.
>
>While I agree that a profit of a mere 15.5 bn after a year of 17.1 bn (17.1 - 9%) is pretty darned devastating, I do feel it's worth pointing out that it's not exactly the same as a loss year. Has Chevron ever actually suffered a loss year?
>
It probably did. You may check 10-year summary on MSN.Money for CHV stock (hopefully, I get symbol right).