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Refining cheap oil rescues Chevron, Exxon, From crude pain

2014-11-01 01:27:24| Energy - Topix.net

The cheapest crude in 2 1/2 years has the world's two biggest oil producers glad they held onto their refineries when rivals were shunning the business. San Ramon-based Chevron and Exxon Mobil surprised investors and analysts Friday with higher profits as slumping crude prices made it cheaper to manufacture gasoline, diesel and jet fuel.

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