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2014-05-01 18:57:00

CHEVRON 1Q RAISES

CHEVRON 1Q RAISES

Chevron Corp, the second-largest U.S oil company, said on Wednesday it has increased its quarterly dividend by 7 percent.

The company, which last raised its dividend in April 2013, increased the quarterly payout to $1.07 per share.

Exxon Mobil Corp, the world's largest publicly traded oil company, also raised its quarterly dividend on Wednesday, to 69 cents per share from 63 cents.

reuters.com

Tags: CHEVRON, EXXON, OIL

Chronicle:

CHEVRON 1Q RAISES
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

CHEVRON 1Q RAISES
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

CHEVRON 1Q RAISES
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

CHEVRON 1Q RAISES
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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