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Chevron Corp.’s first-quarter profit soared 49 percent to $4 billion, joining the procession of U.S. oil companies to report colossal earnings as lawmakers consider ways to pacify motorists agitated about rising gas prices.
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Chevron released its results after two of its biggest rivals, ConocoPhillips and Exxon Mobil Corp., already provoked public outrage with similarly large first-quarter profits. Combined, the three oil companies earned $15.7 billion during the three months of the year.

U.N. cuts Sudan food aid due to lack of funds

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WFP said it was halving food aid from the minimum daily requirement of 2,100 calories to 1,050 calories as of May.
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The Rome-based agency had only received $238 million or 32 percent of its annual appeal of $746 million for Sudan.