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Another quarter has brought yet more soaring oil company profits. Shell last week announced profits of $3.5bn (see p4). The week before, excluding special items, ExxonMobil made $4.4bn -- record [...]

The leading US oil firms are recording another quarter of bumper profits. But they are already warning that they may struggle to sustain the momentum. Second-quarter profits for the leading [...]

US companies rode the tide of high natural gas prices to post another quarter of stellar profits. ExxonMobil and Chevron, the two largest oil firms in the US, chalked up [...]

Prices displayed only a muted reaction to cancelled Iraqi crude liftings. Iraq's demands that lifters pay it 50 [cts.]/bl outside official channels finally started to cause some ripples last week [...]

Opec set to announce output increase Opec could officially increase its output target by 500,000 b/d this week under its automatic trigger mechanism. Late last week, it looked likely that [...]

The oil money keeps rolling in. ExxonMobil, the world's largest oil firm, has just posted the largest-ever quarterly profit for any US firm -- $4.49bn. Third-quarter earnings for the US [...]

ExxonMobil is donating $100mn to Stanford University in the US to fund research into new energy technology aimed at reducing greenhouse gas emissions. The money will go to Stanford's Global [...]

The western-led consortiums developing the two Sakhalin production-sharing agreement (PSA) projects have asked the government for permission to increase their 2005 budgets. Deputy industry and energy minister Ivan Materov said [...]

The past month has shown that the transatlantic gap between the supermajors over climate change and the environment is, apparently, as stark as ever. Shell Transport and Trading chairman Ron [...]

US oil companies are enjoying a much better third quarter than a year ago, as crude prices hold at around $30/bl. Wall Street analysts have been projecting that ExxonMobil, ConocoPhillips, [...]

ExxonMobil's downstream Malaysian unit has blamed the government's automatic pricing mechanism for pushing it into a loss of 9mn ringgit ($2.4mn) last year, from a profit of 183mn ringgit in [...]

A fire on a platform at the 100,000 b/d Oso condensate field in Nigeria caused producer ExxonMobil to declare force majeure last week. US refiner Sun was the only buyer [...]

ExxonMobil made nearly as much in the first quarter as in the first three quarters of last year combined. The world's biggest publicly traded oil company saw its profits more [...]

Four years of merger benefits are coming to an end at ExxonMobil as the downside of the company's size starts to come to the fore. The world's largest publicly listed [...]

ExxonMobil, operator of the Sakhalin I natural gas project, estimates that it needs buyer commitments for at least 6bn [m.sup.3]/yr before starting construction of a proposed pipeline to Japan. ExxonMobil's [...]

Western oil companies are set to overspend upstream this year. But next year's capital expenditure (capex) may turn out to be much lower than initially predicted. Nine-month upstream capex trends [...]

Continued weakness in the downstream industry lowered ExxonMobil's third-quarter profits, despite higher upstream profits. But the firm's massive scale helped it suffer a little less than its peers. The company's [...]

* The biggest energy firms have all been reporting mixed second-quarter results. A 41pc fall in second-quarter profits to $2.64bn sparked a 4pc decline in ExxonMobil's shares in the immediate [...]

Not even ExxonMobil, the biggest of the majors, can steer clear of global economic recession. A 41pc fall in second-quarter profits to $2.64bn sparked a 4pc decline in the company's [...]

Australia's crowded refining sector is feeling the full force of dismal global refining margins and regulator scrutiny. The country's four refiners--Shell, ExxonMobil, Caltex and BP--each have two refineries, with a [...]

ExxonMobil saw first-quarter profits fall by 58pc to $2.1bn from lest year's record highs. The company posted a $28mn downstream loss, despite its enormous retail network and diversification around the [...]

US oil company earnings plunged last quarter, dragged down by the worst refining and marketing environment in a decade. ExxonMobil and ChevronTexaco saw lower earnings across all businesses, but made [...]

The start of a fresh year has been dogged, for energy firms, by the ghosts of the previous year, in the form of some dire quarterly and annual results. For [...]

Grim fourth-quarter results have cast an unflattering spotlight on several energy firms. There was nowhere to hide in what was a uniformly bearish fourth quarter. Market prices of crude fell [...]

ExxonMobil saw its fourth-quarter profits halved. But relentless cost-cutting has softened the blow. The company's fourth-quarter net income plunged by 49pc from the same period in 2000 to $2.68bn as [...]

US oil companies are about to deliver disappointing fourth-quarter earnings. Fourth-quarter earnings are likely to turn out 35-40pc lower than the third quarter and 60pc lower than in 2000, because [...]

The year saw record quarterly profits give way to declining fortunes as the recession took hold. The contrast between the rich pickings that companies faced in the first nine months [...]

Lower oil and gas prices look like driving a new wave of takeovers and mergers among the US independents. Wall Street has started to float names of probable takeover targets, [...]

Profits from the leading US oil firms are coming under intense pressure from the downturn in industry conditions. Third-quarter results show big falls in profits. Profits dropped sharply during the [...]

ExxonMobil has recorded its worst quarterly results for almost two years, after crude prices fell sharply. Its third-quarter crude realisations fell by over $6/bl from a year earlier to just [...]

Australia's retail downstream is troubled. In July, the government launched another inquiry into fuel price taxation, after gasoline briefly breached the A$1/litre ($1.96/USG) mark, compared with A83 cents/l normally. But [...]