The oil company said that it made $7.89 billion, or $3.85 a share, in the third quarter after crude prices hit a record this summer.

As chairman of the Standard Oil Company of California in the 1980s, Mr. Keller executed what was then the largest corporate takeover ever, in a deal that formed Chevron.

A combined blow from Hurricanes Gustav and Ike has shut down almost all oil and natural gas production in the Gulf of Mexico and handicapped refinery operations in Texas and Louisiana.

A combined blow from Hurricanes Gustav and Ike has shut down almost all oil and natural gas production in the Gulf of Mexico and handicapped refinery operations in Texas and Louisiana.

The plan to award six no-bid contracts to Western oil companies had come under sharp criticism from several U.S. senators over the summer.

The major Western oil companies are finding it harder than ever to find new prospects even though they are awash in profits and eager to expand.

Chevron said Friday that record oil prices drove second-quarter earnings up 11 percent to its highest-ever profit.

Lifted by record crude prices, Chevron says its profit rose 11 percent from a year ago, capping another round of massive earnings for the major oil companies.

Lifted by record crude prices, Chevron says its profit rose 11 percent from a year ago, capping another round of massive earnings for the major oil companies.

Lifted by record crude prices, Chevron says its profit rose 11 percent from a year ago, capping another round of massive earnings for the major oil companies.