Chevron 2Q earns fall 71 percent as global petroleum demand falls

September 30th, 2009 Chevron names Watson chair, CEO; O'Reilly retiresSAN RAMON, Calif. — Chevron Corp., the second-largest U.S.

July 31st, 2009 Chevron profits tumble 71 pct because of cheap oilNEW YORK — Chevron on Friday said that its second-quarter profits fell 71 percent and the second-largest U.S. oil company put its entire land-based natural gas drilling operations on hold, citing dismal demand.

July 31st, 2009 Major oil companies review spending; demand wanesNEW YORK — Oil companies are taking a hard look at their finances following a woeful six months in which slumping energy demand slashed profits for every international integrated crude producer. Oil majors, including Exxon Mobil, French petroleum giant Total SA saw crude production fall during the second quarter.

July 31st, 2009 Chevron profits sink; natural gas drills shut downNEW YORK — Chevron on Friday said that its second-quarter profits fell 71 percent and the second-largest U.S. oil company put its entire land-based natural gas drilling operation on hold, citing dismal demand.

July 29th, 2009 General Dynamics 2Q net earns dip 3.6 percentWASHINGTON — General Dynamics says its second-quarter earnings edged down 3.6 percent due to one-time gains a year ago, but the defense contractor's profits still surpassed Wall Street expectations. The Falls Church, Va.-based company also raised its outlook for 2009 by a nickel per share.

July 29th, 2009 Chevron raises quarterly dividend 4.6 percentSAN RAMON, Calif. — Chevron Corp.

July 23rd, 2009 Occidental Petroleum profits down 70 percentHOUSTON — Occidental Petroleum says its first-quarter profit fell 70 percent from a year ago as results were hit hard by lower oil and natural gas prices. The Los Angeles-based oil and gas producer said Thursday net income for the April-June period amounted to $682 million, or 84 cents a share.

July 10th, 2009 Chevron shares fall after 2Q warningNEW YORK — Shares of Chevron Corp. slid on Friday a day after the company warned of weak second-quarter results, hurt by lower refining margins in the U.S.

July 9th, 2009 Chevron says oil prices helped 2Q earns v. 1QHOUSTON — Chevron Corp.

May 1st, 2009 Chevron 1Q profit falls 64 pct as oil prices fallHOUSTON — Chevron Corp. says its first-quarter profit fell 64 percent as it, along with competitors, was stung by lower oil and natural gas prices.

April 22nd, 2009 Mining giant BHP Billiton reports lower productionSYDNEY — Global mining giant BHP Billiton on Wednesday reported a sharp drop in quarterly copper production, along with declines in iron ore and aluminum, as demand for minerals falls amid the global economic slump. Copper production was down 14 percent in the three months ended March 31 compared to the same period last year, the Melbourne-based company said in a statement.

March 25th, 2009 NEW DELHI - India's aviation industry is likely to see a 6.8 percent fall in demand and 4 percent drop in capacity in 2009 due to the 'rapid deterioration of the global economic conditions,' an international air travel lobby said Tuesday. 'Overall, India is expected to see a 6.8 percent fall in demand but only a 4 percent drop in capacity,' Giovanni Bisignani, the director general of the International Air Transport Association (IATA), said in a statement.

March 2nd, 2009 MUMBAI - In one of India's largest amalgamation deals, Reliance Petroleum will merge with its parent and the country's biggest private company Reliance Industries in what the promoters say would create better synergies in the hydrocarbons space. The boards of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.

February 28th, 2009 MUMBAI - The $34.5-billion Reliance Industries, India's largest private sector company, Friday announced that it will consider a proposal next week to merge another group company into itself to bring in operational efficiency. The Mukesh Ambani-controlled Reliance Industries and its oil refining and export-oriented subsidiary Reliance Petroleum, have both informed the stock exchanges of their boards' agenda to consider the merger.

January 19th, 2009 BHUBANESWAR - India's marine product export earnings declined at least 10 percent last year following a slump in demand triggered by the global financial meltdown, a senior industry official here said. 'The export scenario does not appear encouraging.