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Exxon, Chevron profits hit by low oil prices

Exxon posts its smallest quarterly profit since 1999 while Chevron reports a large loss

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The two mightiest US oil companies don't look so mighty any more.

Houston

THE two mightiest US oil companies don't look so mighty any more. With oil and natural gas prices at record lows and refining profit margins weakening, ExxonMobil on Friday posted its smallest profit for any quarter since 1999, while Chevron reported a large first-quarter loss of