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Chevron eyeing big profits in California

The company is investing US$1b to revamp its Richmond refinery which will outperform its rivals

Richmond, Calif.

THE LAND of liberal politics, electric cars and strict pollution controls might seem like an odd place to drop US$1 billion into a 115-year-old oil refinery.

Chevron Corp sees an entirely different landscape in California: a uniquely isolated market, closed to new...