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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) -- Chevron Corporation (NYSE:CVX) (San Ramon, California) saw declines in revenues and profits in the third quarter of 2012, as crude oil 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: Shell Development (Australia) Pty Limited (NYSE:RDS.A)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=230771&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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