Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron

*Chevron headquarters, downtown-Houston. 31 July 2016, Houston — Chevron Corp (CVX.N) posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp (XOM.N) reported a 59 percent slide in profit, as the long crude price rout and tumbling refining income inflicted pain across the energy sector. The weak results from two of the […] More »