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Oil majors look downstream in search of better profits
5/17/2018

Oil giants including ExxonMobil, BP and Royal Dutch Shell are stepping up investments in downstream assets such as gas stations, processing plants and refineries, enticed by the opportunity to boost profits and expand their customer bases. Even though today's high crude prices are putting downward pressure on refining margins, oil majors are convinced their downstream investments will pay off regardless of the trajectory of crude prices.

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