Chevron 2nd-qtr earnings rise with refining

(Reuters) - Integrated oil companies that both produce and refine oil
and gas were expected to have yet another in a series of
stellar quarters as soaring refining margins picked up the
slack for a year over year drop in oil prices.




Since the beginning of the year, Chevron's shares are up
about 19 percent, outperforming the Chicago Board Options
Exchange's oil index , which rose over 17 percent in the
same period.


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