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Refining woes hit Exxon, Chevron

ExxonMobil Corp and Chevron Corp reported lower profits, citing lower margins and refining weaknesses, areas that have plagued the two oil companies off and on for more than a year.Exxon posted the first loss in its refining business since 2009, citing the worst refining margins on gasoline and other profits it had seen in a decade. Chevron reported its refining and chemical profits fell 65 per cent.Both reported top-line figures that missed Wall Street expectations and were lower than year-ago...

NSW okays terminal

Australia’s New South Wales state approved plans by a Japanese-backed consortium to build a A$250...

Anadarko in deal talks

Anadarko Petroleum Corp, the US oil and gas exploration and production company that agreed this...




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