Unocal Corp.: The Los Angeles-based oil company...
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From Times Staff and Wire Reports
Unocal Corp.: The Los Angeles-based oil company reported a first-quarter profit of $77 million, down 11% from the year-ago period. Revenue rose slightly to $2.6 billion. The year-ago results included a $46-million gain after taxes from various natural gas contract settlements. The company said the current results reflected higher worldwide crude oil prices and lower interest expenses, which were partially offset by lower chemical earnings.
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