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Global oil majors Chevron, Shell look to shed small refineries

They aim to trim lower-margin assets in the face of headwinds from rising crude prices

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ON THE AUCTION BLOCK: Chevron, the second-largest US oil company, is soliciting interest in its Burnaby, British Columbia, refinery and petrol stations.

New York

GLOBAL oil majors Chevron Corp and Royal Dutch Shell plc are putting small refineries on the auction block as they look to trim lower-margin assets in the face of headwinds from rising crude oil prices.

Chevron, the second-largest US oil company, is soliciting interest in