Imperial Oil Profit Plunged as Energy Prices Dip
Imperial Oil Ltd., Canada’s leading oil producer, declared second-quarter profit plunged 82 percent on lower oil and natural-gas prices. For full story, click here
Articles Tagged "profit"
Pembina Pipeline Second-Quarter Profits slipped 14% cent
Saipem SpA, Europe’s biggest oil services company by market value, declared second-quarter net profit surged 8% as it benefited from its bulging order backlog, and confirmed 2009 revenue and operating profit to be in line with those of last year. For full story, click here
Cosmo Oil quartely Pre-Tax Profit slipped 60%
Cosmo Oil Co Ltd’s pretax profit likely plunged 60 percent to slightly more than 10 billion yen in the April-June quarter as margins thinned in its main refining business. For full story, click here
Saudi Arabia will cut Heavy-Oil Price as processing profits dipped
Saudi Arabia may lower the official price of its heavy oil grade sold to Asia from a six-year high as processing profit for fuel used by ships and power plants dipped in the previous month. For full story, click here
Saudi Arabia will cut Heavy-Oil Price as Processing Profits Dipped
Saudi Arabia may lower the official price of its heavy oil grade sold to Asia from a six-year high as processing profit for fuel used by ships and power plants dipped in the previous month. For full story, click here
Total SA first-quartile net profit dips 36%
French oil giant Total SA declared its net profit dips 36 percent in the first quarter from a year earlier as oil prices fell sharply amid the global economic slump. For full story, click here
Valero Energy profit rose on higher refining margins
Valero Energy Corp., the leading U.S. oil refiner, declared first-quarter profit surged 18 percent on increased margins for processing crude into gasoline and other petroleum products. For full story, click here
Total Profit Beat Estimates
Europe’s third-largest oil company, reported fourth-quarter earnings that beat analyst estimates and pledged to maintain investment spending at a similar level to last year to revive production growth. For full story, click here
Baytex Energy Trust operations are still profitable
Ray Chan, chief executive of conventional heavy oil producer Baytex Energy Trust , said his operations are still profitable at current prices but “if you were to layer on the cost of a (thermal) project or an oil sands mine it just doesn’t work,” he said. For full story, click here
Imperial racks up record 2008 profits
Imperial Oil president and CEO Bruce March says a long-term approach is paying off for the company in uncertain times despite a lower fourth quarter, For full story, click here
