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Low oil and gas prices, recession in the US and Eastern Europe and restructuring and environmental costs all combined to depress earnings for major US petroleum companies in 1991. Total earnings for the OGJ (Oil and Gas Journal) group of 22 companies were $15.7 million, down 24% from 1990, with Exxon the only company reporting a gain. The only profitable areas were international downstream operations, which received a boost from strong demand in the Pacific Rim and healthy refining margins in Europe., Continued low oil and gas prices and recession in the U.S. and eastern Europe choked 1991 earnings for the group of 22 U.S. companies Oil & Gas Journal tracks. Net [...]

First half 1991 profits for the Oil & Gas Journal group of 22 large U.S. oil companies totaled $10.553 billion, downh a scant 0.1% from the same period the year [...]

Shaun Polczer, CALGARY: The newly-commissioned Kearl mine is the latest jewel in Canada’s oil-sands crown, but it is also the costliest. Imperial Oil, majority owned by US supermajor ExxonMobil, tacked [...]

Shaun Polczer, CALGARY: The newly-commissioned Kearl mine is the latest jewel in CanadaÇÖs oil-sands crown, but it is also the costliest. Imperial Oil, majority owned by US supermajor ExxonMobil, tacked [...]

PETROCHEMICALS, the long-time drain on integrated companies' operating profits, finally came good last year, with six of the seven majors producing significant gains from the sector. The odd man out [...]

[TABULAR DATA OMITTED] Earnings of U.S. oil and gas companies for the third quarter and first 9 months have fallen sharply from year ago periods, according to a sampling of [...]

THE FIRST HALF of this year was a good time to be an oil refiner, unless you happened to be Chevron; the only one of the seven majors to turn [...]

Ups And Downs Of The Majors THE ANNUAL reports of the seven leading free enterprise oil and gas companies in the world show that four of them registered net income [...]

Higher oil prices trimmed US earnings last year - but Derek Bamber writes that they did not check the Europeans' progress The six US majors all suffered to varying degrees [...]

ExxonMobil said its earnings, excluding merger effects, in the first quarter were $2,150m ($0.31/share), a decrease of $2,900m from the record first quarter of 2001. Including merger effects, net income [...]

THE EARNINGS bonanza of the last year may be over. But the second-quarter results published by the majors in late July and early August show that the sector is still [...]

The brightest spot in the region, excluding Nigeria, is clearly Angola, which continues to attract the heavy hitters in the exploration and production business. But the outlook for most of [...]

FOUR COMPANIES -- ExxonMobil, Chevron, Texaco and Conoco -- have signed a memorandum of understanding with the government to study the feasibility of building the west African country's second liquefied [...]

LAST YEAR WAS spectacularly good for oil company profits, as soaring oil prices boosted earnings to record levels. The Anglo-Dutch major, Royal Dutch/Shell, with adjusted profits up by 85% on [...]

In December, Veeder-Root, Simsbury, Conn., announced that ExxonMobil Corporation, Irving, Texas, finalized a contract with Veeder-Root to provide fuel-management service for all company-owned ExxonMobil stations. The new contract covers 2,125 [...]

As they reported record third-quarter earnings, major-oil executives emphasized that substantial parts of the unusually high cash flow will be reinvested in the business, including exploration and production. 'We're generating [...]

Following the oil industry's wave of mergers, the second-, third- and fourth-largest integrated oil firms are now European. Petroleum Economist's analysis shows that the three Europeans lead the Americans in [...]

Exxon Mobil Corp.'s presentation to Wall Street oil analysts and investors recently was nearly as notable for what executives didn't say as for what they did. The nation's largest multinational [...]

THE LATEST round of earnings reports from the world's major oil and gas companies could not come as more of a contrast to the woes generated by the single-digit crude [...]

Exxon Mobil Corp. has agreed to sell its German subsidiary's 25% interest shareholding in Thyssengas GmbH to RWE Energie AG, a subsidiary of RWE AG. The sale is subject to [...]

* Exxon has bid for a PSA to drill for gas on the Turkmen side of the River Amurdarya, believed to have 2 trillion cm of gas reserves, according to [...]

Meanwhile, in the same quarter, Exxon posted net income of $1.5bn, up by 7% from $1.4bn in the third quarter of 1998. On a per share basis, quarterly net income [...]

There are hopes that the World Bank will approve loans towards the development of olifields in the Doba basin in November, thereby giving the go-ahead for the $3.5bn plan to [...]

ExxonMobil started oil production under budget and ahead of schedule at the Julia oil field in the Gulf of Mexico. The first production well is online and a second well [...]

THE MAJORS enjoyed a strong second quarter, thanks to continuing strength in commodity prices and a sharp increase in downstream profits. Although the short-term premium on the oil price in [...]

1980 oil company reports show increases in assets, profits, capital and exploration expenditures; decreases in production, oil and gas reserves.

General Accounting Office contends poor management has stalled environmental restoration under Exxon's $1,125 billion Exxon Valdez oil spill settlement. Four years after the spill, no final restoration plan is in [...]

Talk of oil company profiteering seems to have evaporated now that most profits have plunged. Companies posting losses or profit declines in the first half cite reduced crude and gas [...]

Thanks to strong balance sheets with high levels of cash-on-hand, international oil companies (IOCs) are finding themselves well-positioned to not only weather the tightness in global credit markets, but also [...]

XTO Energy paid $340m in cash for ExxonMobil's assets in the Permian Basin and [...]

ExxonMobil is donating over $22.5 million to 921 colleges and universities across the US through the ExxonMobil Foundation's 2003 Educational Matching Gift Program. ExxonMobil employees, retirees, surviving spouses and directors [...]

When the first-quarter 2002 earnings came out, the only sound coming from the major oil companies was the gnashing of teeth as they contemplated what some were terming the worst [...]

Exxon Mobil Corp. says it expects to spend $100 billion on about 100 projects in the next 10 years. The company says expected projects in West Africa. the Middle East, [...]

OIL COMPANY profits in the second quarter were heavily down on year-earlier levels, with most firms blaming lower commodity prices and bad refining margins. However, performances were generally better than [...]

THE CHRONIC problems of imbalance between demand and production in the refining and marketing sector are worsening, causing real concern about the financing of vital new investments. In addition, the [...]

ExxonMobil has pledged to spend $200m by the summer at the Sakhalin-1 project, and $l2bn over eight years on its development. It expects gas production to start in 2005 and [...]

ExxonMobil, the world's biggest listed oil company, reported a 58 per cent fall in first quarter profits, blaming the devastating result on weakness in all business segments. Net income was [...]

THE NOVA SCOTIA offshore attracted a near-record C$527m ($335m) in its latest leasing round, reflecting a surge of interest among operators and a shift in focus to deeper waters. The [...]

FALLING OIL PRICES brought two and a half years of profit growth for oil companies to an end in the third quarter (Q3). And with the International Energy Agency predicting [...]

The first quarter of a new game has big oil still winning and winning big. Major petroleum companies have a 441-percent increase in corporate earnings over this time last year. [...]