Exxon, Chevron profits top view; refining strong (Reuters)

Exxon Corporation acquired Mobil Corporation in an $80.1 billion stock transaction, December 1, that will create the world's largest oil company in the largest corporate merger in the history of the United States. (Jim Bourg JRB/SV/SB/Reuters)Reuters – Oil giants Exxon Mobil Corp and Chevron Corp posted higher-than-expected quarterly earnings on Friday as refining profits helped offset a steep decline in crude oil prices.

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