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 SAN RAMON, Calif. (AP) - Chevron Corp.'s second-quarter profit topped analyst expectations, but it wasn't enough to impress investors as the second largest U.S. oil company jousts with a Chinese rival in a battle to buy Unocal Corp.
Unocal didn't lessen its takeover appeal with its second-quarter results, which were released Friday shortly after Chevron's.
San Ramon-based Chevron said it earned $3.68 billion, or $1.76 per share, for the three months ended June 30. That represented an 11 percent decline from net income of $4.13 billion, or $1.94 per share, at the same time last year.
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