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Chevron, ExxonMobil downgraded

RATINGS agency Standard & Poor's has cut its ratings outlook for Chevron Corporation as low oil prices continue to rankle the world's biggest oilers.

Anthony Barich

S&P got the knives out not only for Chevron but PNG LNG operator ExxonMobil, with both US super-majors receiving "negative" outlooks. The agency said ExxonMobil had "substantially more debt than during...

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