Refining business to shrink

Chevron Corp. plans to shrink its refining business. The company told its employees it plans to streamline refinery, marketing and retail operations to make the company's business more efficient. Chevron's Pascagoula Refinery is expected to be affected, though a company spokesman couldn't say to what extent or when. The Pascagoula refinery is the company's largest, with 1,600 employees and the capacity to refine 330,000 barrels of oil a day. Employment at the plant has increased by several hundred over the last decade. (Source: Sun Herald, 01/19/10)