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Exxon defies low oil price with refining strength

2014-10-31 17:51:37| Oil & Gas - Topix.net

NEW YORK - ExxonMobil Corp.'s refining and chemical operations rescued the company's third-quarter results amid falling global oil prices and lower oil and gas production. Exxon, the biggest U.S. oil company, posted a surprise increase in profit thanks to a 38 percent increase in profit from turning oil and gas into fuels and chemicals.

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