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Friday, May 25, 2012, 4:31 a.m.

Chevron loses as refining costs negate oil-price rise

By JOE CARROLL BLOOMBERG NEWS

Chevron Corp., the second-largest U.S. energy company, posted its biggest quarterly earnings decline in two years on Friday after refining losses undercut gains from record crude prices.

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Photographs by Bloomberg

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  • Headline: Chevron loses as refining costs negate oil-price rise
  • Publication: Business, Pages 31 on 01/28/2012
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