Chevron Corp ( CVX.N ) posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp ( XOM.N ) reported a 59 percent slide in quarterly profit, both victims of a prolonged rout in crude prices CLc1LCOc1 and sinking income from refining, a sign of the broad malaise across the energy sector. The weak results from two of the world’s largest oil producers come as the energy industry is at a crossroads, trying to survive in an era of low prices, which many analysts see as the new status quo, while funding expensive growth projects crucial for long-term survival. “It’s a challenging environment for the integrated” oil producers, said Brian Youngberg, an energy analyst with Edward Jones. The weak results could force […]