Pennzoil Co.’s earnings jumped 71% in the...
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Pennzoil Co.’s earnings jumped 71% in the first quarter, bolstered by higher refinery margins and a one-time gain from the early redemption of a bond issue. The Houston-based oil company said it earned $20.7 million on revenue totaling $484.5 million. Revenue in the 1987 quarter was $445 million.
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