Chevron said that its domestic exploration and production earnings were $98 million, compared with a $64 million loss for the period in 1986.

Meanwhile, he is devoting more time and money to domestic exploration.

Profits in domestic exploration and production more than doubled, to $155 million.

Earnings from domestic exploration and production dropped to $10 million, from $111 million.

With less focus on domestic exploration, imports will continue to rise because oil wells do not pump forever.

But earnings from both domestic and foreign exploration and production operations were down for the quarter.

The company's profits from domestic exploration and production rose to $70 million from $46 million.

I would expect to see stepped up domestic exploration for both oil and gas.

Rising prices will certainly help stimulate domestic exploration, which will in due course improve production.

We must meet rising demand for energy with new domestic exploration and production.