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Oil majors

This, in the oil industry and some media, is the term for describing the handful of very large oil companies engaged in all aspects of the industry, from exploration to selling refined products. Best known names are Chevron, ExxonMobil, Shell, Total and BP, but Brazil’s Petrobras, China’s Petrochina and CNOOC and Russia’s Lukoil and Gazprom are now operating in the same league.

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