Chevron boosts capital expenditures for 2013
San Ramon-based Chevron intends to spend $36.7 billion on capital expenditures during 2013, mostly on the company's increasingly important exploration and production efforts.
Chevron will increase its capital spending by 12 percent next year compared with the $32.7 billion the energy giant expects to spend by the end of 2012.
Chevron will steer about 90 percent of the $36.7 billion into oil and gas exploration, development and production efforts worldwide.
Cooper's profit, sales climb in Q4
Pleasanton-based Cooper Cos. reported that its profit jumped and sales edged higher in its fiscal fourth quarter that ended in October.
Profit surged 27 percent while revenue rose 5 percent, the contact lens and surgical tools maker said.
Cooper earned $71.9 million on sales of $396.3 million.
Eye-care product revenue grew 5 percent, while surgical product revenue rose 37 percent.