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Oil & Gas

ConocoPhillips to Split in Two

According to Bloomberg, ConocoPhillips will spin off its refining and marketing arm into a new business, two weeks after Marathon Oil Corp. split itself up to increase returns for investors.
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Chevron to Tap Carabobo Oil in 2012

Zacks Equity Research reports that Chevron Corp. expects the start-up of an oil field in Venezuela’s Orinoco Belt next year. Chevron believes it can commence production from Orinoco’s Carabobo Project
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