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Bill Fleckenstein

Bill Fleckenstein: President of Fleckenstein Capital – Bill is a professional money manager with over 30 years of experience, he also writes a daily Market Rap column for his web site at Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including King World News, Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron’s and more….

Chevron profit drops but beats expectations on refining margins

Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts’ expectations as cost cuts and robust refining margins helped offset the impact of tumbling crude prices. The help from refining operations mirrored results at large, integrated peers such as Exxon Mobil Corp and Royal Dutch Shell , which tend to lean on their refining divisions for profit during times