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Investing to boost crude output rewards oil majors with glut, slim profits

FILE PHOTO: FILE PHOTO - A combination of file photos shows the logos of five of the largest
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(Reuters) - The world's largest oil companies invested billions of dollars to boost crude production and their success has turned around and bit them -- and their shareholders. Oil majors Exxon Mobil Corp , Chevron Corp and Royal Dutch Shell all reported earnings on Thursday and Friday that showed key units significantly underperformed, particularly refining and chemicals. Investor discontent..
Date Published: Jan 31, 2020
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