Exxon Mobil Corp and Chevron Corp posted sharp drops in quarterly results on Friday as an oversupplied fuel market shrank profits from their refining units, which until now had provided healthy margins that helped insulate them from a 60 percent slide in oil prices since mid-2014. Chevron reported a net loss of $725 million, or 39 cents per share, compared with a year-earlier net profit of $2.57 billion, or $1.37 per share.
By William Schomberg and Guy Faulconbridge LONDON (Reuters) - More than 100 executives from Britain's financial services industry, including hedge fund managers Crispin Odey and Paul Marshall, have signed a letter backing Britain's withdrawal from the European Union, the main Brexit campaign group said on Friday. In a letter released by the Vote Leave group ahead of a June 23 referendum, the City bosses said getting out of the EU would help strengthen London's position as the only financial capital to rival New York. The investors said that while membership had been good for Britain and London since 1973, it no longer made sense as the EU had failed to support innovation and was now tied to a euro zone which many signatories feared was doomed.