Oil Giants Start Losing Safety Net as Refining Margins SqueezedBy and
Fourth-quarter margins show steepest drop in 8 years: BP data
Analysts have cut EPS estimates for Exxon, Shell, Total, BP
Refining profits that buttressed earnings for Exxon Mobil Corp. and Royal Dutch Shell Plc as crude prices plunged are now slumping, further pressuring all of the world’s biggest oil companies as they move into 2016.
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