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Chevron profit beats expectations, cost cuts offset cheap oil

2015-05-01 20:27:30| Oil & Gas - Topix.net

Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact of tumbling oil prices. A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013.

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