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Chevron Takes Hit From Low Prices, Shutdowns in Third-Quarter 2012, but Sees Smoother Sailing Ahead, an Industrial Info News Alert

SUGAR LAND, TX — (Marketwire) — 11/05/12 — Researched by Industrial Info Resources (Sugar Land, Texas) — (NYSE:CVX) (San Ramon, California) saw declines in revenues and profits in the third quarter of 2012, as prices dropped and the company conducted a large amount of planned maintenance in its fields, which reduced the overall output of oil and gas. Net income for the quarter was reported to be $5.25 billion, a 32.9% decrease from the third quarter of 2011. Industrial Info is tracking more than $100 billion in active projects involving Chevron.

Other companies featured: (NYSE:RDS.A)

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