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With oil prices low, refining saves the day for Exxon and Shell

2015-05-04 21:22:37| Chemicals - Topix.net

The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected. Profits for Shell , Europe's largest oil company, amounted to $3.2 billion, adjusted for inventory changes and one-time benefits, during the first quarter of 2015.

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