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Chevron profit drops but beats expectations on refining margins

2015-05-02 00:18:03| Energy - 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 crude 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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