Friday, April 29, 2016

RPT-WRAPUP 1-Refining's silver lining loses luster at Exxon and Chevron

HOUSTON, April 29 (Reuters) - Exxon Mobil Corp and

Chevron Corp posted sharp drops in quarterly results on

Friday as an oversupplied fuel market shrank profits from their

refining units, which until now had provided healthy margins

that helped insulate them from a 60 percent slide in oil prices

since mid-2014.

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