Amoco Corp.’s 1988 earnings jumped 52% to...
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Amoco Corp.’s 1988 earnings jumped 52% to $2.063 billion. Revenue climbed to $23.9 billion, up 6%. Fourth-quarter profit eased to $375 million from $377 million, while revenue advanced to $6.2 billion from $5.9 billion. The Chicago-based oil, chemicals and plastics company said strong fourth-quarter gains in chemicals and refining operations were offset by lower earnings from explorations and productions, due to lower worldwide energy prices.
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