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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| May 03, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ENERGY

Chevron blasts through Q1 views

The No. 2 U.S. oil company earned $2.37 a share ex items, up 17% from a year ago and 35 cents over views. Higher energy prices and refining margins offset a 2% drop in oil and gas production from older fields and property sales. Revenue rose 9% to $33.57 bil. ChevronTexaco rose 1% to 91.50.

** Anadarko Petroleum shares rose 1% to 53.58 after the oil firm made $1.70 a share ex items in Q1, 28 cents over views. Revenue rose 16% to $1.46 bil.

** Schlumberger sold its remaining 14.5% in Atos for $557 mil. The price was at the low end of views. Shares fell less than 1% to 58.53.

** KeySpan plans to sell or spin off its remaining 55% stake in Houston Exploration, valued at about $750 mil. The company also reported Q1 EPS of $1.53, 4 cents over views. Shares rose nearly 2% to 36.15.

FINANCE

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