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