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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

Sat, Jun 18, 2016 - 5:50 AM

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

PHOTO: REUTERS

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...

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