Tag: income

Schlumberger boosts profit as oil explorers seek technology edge

Rising demand for more advanced oilfield technology to tap hard-to-reach crude around the world spurred a record first-quarter profit for Schlumberger Ltd.  More »

Shell pledges spending cuts, asset sales to restore profit

Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden promised to slash capital spending and accelerate asset sales to revive earnings at Europe’s largest oil producer.  More »

Occidental earnings rise as CEO pursues breakup

Occidental Petroleum Corp., the biggest oil producer in Texas, said fourth-quarter profit rose as Chief Executive Officer Stephen I. Chazen pursues a breakup after a shareholder revolt last year.  More »

Enterprise Products Partners reports record year

Enterprise Products Partners distributed $2.74 per unit to its investors last year, the Houston pipeline company said in announcing fourth-quarter and full-year financial results.  More »

Valero’s fourth-quarter earnings jump

Valero Energy Corp.’s fourth-quarter earnings rose 30 percent, boosted by last year’s spinoff of its retail stations.  More »

Halliburton income rises on Middle Eastern drilling

Increased oil company spending on well completions drove Halliburton Co.’s profits up 19 percent million in the fourth quarter as Middle Eastern and Asian markets continued to see high drilling activity, the company reported Tuesday.  More »

Baker Hughes profit jumps in fourth quarter

Market share gains in active drilling markets like the Middle East and Africa pushed Baker Hughes’ profit up 16 percent to $248 million in the fourth quarter, the company reported Tuesday.  More »

Exxon Mobil’s profit falls on refining income

Exxon Mobil Corp.’s quarterly profit fell 18 percent from last year, but the oil and gas giant still made nearly $8 billion in three months.  More »

Poor refining margins drive profit down at Total

French oil company Total said Thursday that net income fell 10 percent in the July-to-September period, partially due to poor refining margins amid a sluggish European economy.  More »

Sinopec profit rises as fuel price controls eased

State-owned oil company Sinopec said quarterly profit rose 20 percent following the relaxation of Chinese fuel price controls.  More »

PetroChina profit up 19 percent as margins rise

State-owned PetroChina said Tuesday third quarter profit rose by a fifth as it benefited from fuel price reforms that lifted refining margins at Asia’s biggest oil producer.  More »

Dow Chemical earnings miss estimates after epoxy drop

CEO Andrew Liveris is expanding production of commodity chemicals and plastics with new factories in Saudi Arabia and the U.S. as he considers selling slower-growing units such as chlorine derivatives and epoxy.  More »
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