NEW YORK CITY: US oil giants ExxonMobil and Chevron reported another bruising round of results Friday, with a glut of gasoline and other refined products adding to the hit from low oil prices.
ExxonMobil reported a nearly 60 percent plunge in second-quarter net income to $1.7 billion, while Chevron suffered a $1.5 billion loss, its third straight quarter in the red.
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