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.