* Oracle (NASDAQ:ORCL) reported fourth-quarter earnings of 46 cents a share, versus estimates of 44 cents, as revenues fell 5.2% to $6.86 billion, up from Street estimates of $6.47 billion

* PetSmart (NASDAQ:PETM) raised its quarterly dividend to 10 cents from 3 cents; the company also announced plans for a $350 million stock purchase plan

* Bank of America (NYSE:BAC) announced efforts to raise over $2.5 billion in fresh capital through the swap of preferred for common shares, which priced at $12.7048

* Chevron (NYSE:CVX) announced production has begun at Brazil's Frade Field, a $3 billion project, which is projected to result in production levels of 90,000 barrels daily by 2011

* BMC Software (NYSE:BMC) reaffirmed its 2010 earnings guidance ex-items of $2.37-$2.47 a share, with operating cash flow expected at $600-$650 million, noting the firm has been gaining market share in IT management software space

* Rite Aid (NYSE:RAD) reported first quarter loss of

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Gazprom has announced it will delay the launch of the Bovanenkovo field on Siberia's Yamal peninsula until the third quarter of 2012.  Ukraine is looking for $4 billion in credit from Europe to buy Russian gas for its subterranean storage facilities.  Vladimir Putin has decried regulators who make 'bureaucratic obstacles' to accessing Russia's oil and gas fields.  Sinopec is drilling a seventh exploration well in Saudi Arabia in the hope of finding a significant amount of natural gas.  Iraq's oil ministry has asserted that it will have auctioned contracts to foreign companies by the end of June, despite the Oil Minister being called to ask questions regarding the deals.  China and Russia's increasing crude oil trade is an 'important breakthrough' in their relationship, according to Chinese President Hu Jintao.  Korea National Oil Company and China's Sinopec ...