Bloomberg | Oil Majors Lost One Engine; Now the Second One Is Sputtering Bloomberg The major integrated oil companies, including Exxon Mobil Corp., Total SA and BP Plc, have relied on their so-called downstream businesses, which include refining crude into gasoline, oil trading and gas stations, to cushion the losses on their ... Statoil posts disappointing earnings, cuts capital expenditure guidance Statoil CEO 'very confident' oil will reach $50-60 |