UCL: Unocal Corporation Message Board

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Gold/Mining/Energy : UCL: Unocal Corporation

UCL 2.204

+2.0%

Oct 31 9:30 AM EDT

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From: JakeStraw	4/28/2005 9:32:17 AM
	of 12

Strong oil and gas prices drive Unocal in Q1 NEW YORK (MarketWatch) -- Unocal Corp. Thursday reported first-quarter earnings of $454 million, or $1.66 a share, up from a year-ago profit of $269 million, or $1 a share. On an adjusted basis, the El Segundo, Calif., oil company earned $441 million, or $1.62 a share, in the latest quarter. The average estimate of analysts polled by Thomson First Call was for a profit of $1.37 a share in the March period. Revenue from continuing operations reached $2.19 billion in the latest three months from $1.88 billion in the same period a year earlier. The company said its latest results were driven by strong crude oil and natural gas prices.

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