Fourth quarter earnings of $3.5 billion represented a 30 percent decline year-on-year for Chevron. Full year 2014 earnings were $19.2 billion, compared with $21.4 billion the previous year. Oil prices are down more than half from June 2014 peaks and up only 9 percent since the start of the year. John Watson , Chevron’s chairman and chief executive officer, said at the company’s annual security analyst meeting in New York the market situation was not overly detrimental . “The fundamentals of the oil and gas business remain attractive for our company and investors, as our products are vital to a growing world economy,” he said during Tuesday’s conference. A research note published Monday by CME Group said oil prices may be depressed for several years, though the industry itself will […]