Oil giants find there's nowhere to hide from doomsday market

By Joe Carroll
Updated July 30 2016 - 11:08am, first published 10:58am

Exxon Mobil and Royal Dutch Shell this week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron's third straight loss marked the longest slump in 27 years, and BP lodged its lowest refining margins in six years.

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