WRAPUP-Oil rout erodes 2nd-qtr profits for U.S. majors Exxon, Chevron
July 29, 2016 at 10:08 AM EDT
HOUSTON, July 29 (Reuters) - Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in quarterly profit, both victims of a prolonged rout in crude prices and sinking income from refining, a sign of the broad malaise across the energy sector.