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Chevron and Exxon Results Tied to Price of Oil not Cuts in Costs

Chevron and Exxon Results Tied to Price of Oil not Cuts in Costs

The rising price of natural gas and oil boosted profits for the third quarter at Chevron Corp. and Exxon Mobil Corp. by nearly 50%, which underscores the reliance they have on the commodity. Even with deep spending cuts and refocusing...