Stock Market News: Chevron (NYSE:CVX), Ford Motor (NYSE:F), Intel (NASDAQ:INTC), Goldman Sachs (NYSE:GS), J.C. Penney (NYSE:JCP)

Chevron ( NYSE:CVX ) said on Thursday its refining and marketing arm would return to profit in the first quarter as refining margins improved, while earnings from oil and gas production would continue to grow. Chevron said global oil and gas production of 2.76 million barrels per day (bpd) in the first two months of the quarter was weaker than the quarter before, but improved oil prices would drive upstream earnings growth. Chevron, which aims to achieve average 2010 output of 2.73 million bpd, said the decline in production was largely in the Gulf of Mexico, reflecting the absence…