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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
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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