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PETCHEM PROFITS SAG AT OIL MAJORS Petchem profits dropped sharply at U.S. oil companies in the second quarter, although they were more than offset by higher oil and natural gas [...]

WESTERN OIL COMPANIES WILL INVEST in four world-scale ethane crackers and downstream petrochemical units in Saudi Arabia as part of long-term gas agreements signed with the Saudi government last month. [...]

Independents benefited from U.S. natural gas prices that were significantly higher year-to-year. Independent refiner-marketers got help from continued strong domestic refining margins. Integrated oil companies savored the rare simultaneous good [...]

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 [...]

STAMFORD, Conn. - GE Asset Management has energized its performance with ExxonMobil Corp, one of the top stock picks in its $6.9 billion large-cap value portfolio. Other favorites in this [...]

The price of finished butadiene fell from 27c. per pound in March to 26c. in April because of weak demand and high inventories. ExxonMobil completed a three-week turnaround on schedule, [...]

Early last year, record oil prices of over $35 a barrel, an icy winter and short supply were blamed for the spike in gasoline prices. This week, oil prices are [...]

ExxonMobil Corp. is pumped up about one of its Austin gas stations. The company's station at 9061 Research Blvd. posts the highest sales per square foot of any ExxonMobil store [...]

Hello, sports fans, this is 'Dandy' Dan Levine, coming to you from high atop the San Francisco Business Times money center, with a complete wrap-up of the show down for [...]

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 [...]

Yanpet, a joint venture of Sabic and ExxonMobil, has begun production at its expanded petrochemicals complex at Riyadh, Saudi Arabia. Yanpet added 420,000-m.t./year of ethylene glycol (EG), 535,000-m.t./year of polyethylene [...]

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 [...]

Fourth-quarter profits gushed at major U.S. oil makers, despite a poor contribution from petrochemicals. ExxonMobil's earnings advanced 88%, to a record $5.1 billion, beating analysts expectations by 12%, according to [...]

In the oil industry, growth is steady, responsibility is to deliver against promises, to invest in community activities, to protect the environment, and to enable people to make progress individually [...]

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 [...]

OIL COMPANIES' CHEMICAL PROFITS slumped in the third quarter, along with those of other basic chemicals producers. Earnings dipped at ExxonMobil, Phillips Petroleum, and Ashland, despite a rise in overall [...]

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 [...]

BRIDGE NEWS Irving, Tex.-based Exxon Mobil Corp. (IW 1000 No. 3) and Chevron Corp., Son Francisco, (IW 1000 No. 42) reported record second-quarter results July 25. ExxonMobil's net income rose […]

Continually increasing oil and gas prices made it a great quarter for Exxon Mobil Corp., which reported a 132% increase in its net income to $4.53 billion, or $1.28 per [...]

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 [...]

While you're cruising the Internet, check out www.industryweek.com/iwin print/iw 1000 for a comprehensive listing of the world's largest publicly held manufacturing companies just named by Industry Week magazine. Collectively, the [...]

OIL COMPANIES' EARNINGS SOARED IN the first quarter as oil prices surpassed $30/barrel. Their chemical unit earnings also profited as rising product prices and sales volumes compensated for higher raw [...]

But refining margins remain slender Higher crude-oil margins, internal cost-cutting and significant gains in exploration and production buoyed the oil industry in the fourth quarter, delivering handsome profits and optimism [...]

Oil prices have soared in the past six months and the effect is being felt in consumer pocketbooks. It now takes $60 to fill the outsized gas tanks of a [...]

Petrochemical earnings at oil companies rebounded dramatically from the year-ago quarter, when several companies reported losses. Chevron, ExxonMobil, Occidental Petroleum, and Phillips Petroleum reported significantly higher chemicals earnings and sales. [...]

Crude prices buoy petroleum market, leading to dramatic increases WITH CRUDE OIL prices bubbling higher, the major oil companies reported dramatic earnings increases from last year's third-quarter period. As for [...]

* 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 [...]