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(Reuters) - Annamarie Phelps, Britain's rowing chief, will head the independent review into the "extremely disturbing" claims of discrimination and bullying that have rocked British cycling, it was announced on Friday. Phelps, chairman of British Rowing, will now appoint a review panel that will be asked to examine whether there are "fundamental behavioural issues" at the heart of British cycling's once-unrivalled sports programme. The news of the 1996 Olympic oarswoman's key role in the review, which has been co-commissioned by British Cycling and UK Sport, comes after a traumatic week for the sport in Britain during which its technical director Shane Sutton quit amid allegations of sexism, discrimination and bullying.
Exxon Mobil Corp and Chevron Corpon Friday reported their most dismal quarterly results in more than a decade on low oil prices and an oversupplied fuel market that hurt what had been lucrative refining margins. As crude prices slid 60 percent from mid-2014, large integrated energy companies have touted the virtues of a business model that both produces oil and refines it. Both Exxon and Chevron sought in Friday conference calls with investors and analysts to downplay the weakness in their refining units.