Russian oil major Lukoil's net profit falls 44 percent in Q2 but beats analyst estimatesAugust 28th, 2009 Lukoil's Q2 net profit down 44 percentMOSCOW — Lukoil, Russia's largest private oil company, on Friday posted a 44 percent drop in net profit for the second quarter due to lower oil prices, but still beat analyst expectations. Net income fell to $2.3 billion from $4.1 billion a year earlier, the company said in a statement.
Norway's StatoilHydro posts zero profit in 2Q, cites lower crude and gas pricesAugust 4th, 2009 Norway's StatoilHydro 2Q profit falls to zeroOSLO — Norwegian oil company StatoilHydro ASA on Tuesday saw its profits vanish in the second quarter and cited lower crude and gas prices. The state-controlled oil concern said its net profit for April through June period plummeted to zero kroner from 18.9 billion kroner ($3.1 billion) in the same time last year, when oil prices soared.
Chevron 2Q earns fall 71 percent as global petroleum demand fallsJuly 31st, 2009 Chevron 2Q earns tumble 71 percentNEW YORK — Chevron Corp. says its second-quarter profit fell 71 percent as demand for crude oil and gasoline plunged.
With crude prices down, oil and gas companies expected to post far lower profitsJuly 14th, 2009 Oil industry profits expected to fall sharplyHOUSTON — Big Oil is set for another big flop. For the second straight quarter, Exxon Mobil, Royal Dutch Shell and most of the world's largest oil companies are poised to report quarterly earnings that pale in comparison to a year ago, when results were buoyed by crude prices that topped out near $150 a barrel.
Chevron shares fall following warning of second quarter weaknessJuly 10th, 2009 Chevron shares fall after 2Q warningNEW YORK — Shares of Chevron Corp. slid on Friday a day after the company warned of weak second-quarter results, hurt by lower refining margins in the U.S.
Chevron says 2Q earnings lifted by higher oil prices; overall results likely to be lowerJuly 9th, 2009 Chevron says oil prices helped 2Q earns v. 1QHOUSTON — Chevron Corp.
Total 1Q net profit falls 36 percent to euro2.3B on steep drop in price of oilMay 6th, 2009 Total 1Q net profit falls 36 percentPARIS — French oil giant Total SA said Wednesday its net profit dropped 36 percent in the first quarter from a year earlier as oil prices fell sharply amid the global economic downturn. Paris-based Total, France's largest company by market capitalization, said net profit dropped to €2.29 billion ($2.98 billion) in the January to March period from €3.6 billion a year earlier.
Chevron says first-quarter profit falls 64 percent on lower crude, gas pricesMay 1st, 2009 Chevron 1Q profit falls 64 pct as oil prices dropHOUSTON — The top international oil companies were expected to deliver the ugliest first-quarter results in several years, and there were few surprises. Chevron Corp.
Marathon Oil says first-quarter profit falls 61 percent on lower oil, gas pricesApril 30th, 2009 Marathon 1Q profit falls 61 percentHOUSTON — Marathon Oil Corp. said Thursday its first-quarter profit fell 61 percent from a year ago as the company, like many competitors, saw results dive along with oil and natural gas prices.
Exxon Mobil 1Q profit down 58 percent as lower crude, gas prices cut into earningsApril 30th, 2009 Exxon Mobil 1Q profit fall 58 percentHOUSTON — Exxon Mobil says its first-quarter profit fell 58 percent as the world's biggest publicly traded oil company, like smaller rivals, encountered far lower year-over-year oil and gas prices. Exxon Mobil Corp., based in Irving, Texas, said Thursday that earnings for the first three months of the year came to $4.6 billion, or 92 cents a share, down from $10.9 billion, or $2.02 a share, a year ago.
Exxon Mobil 1Q profit down 58 percent as lower crude, gas prices cut into earningsApril 30th, 2009 Exxon Mobil 1Q profit falls 58 percentHOUSTON — Exxon Mobil Corp. said Thursday first-quarter earnings fell 58 percent from a year ago, its lowest profit in more than five years, as the world's biggest publicly traded oil company saw crude and gas prices fall precipitously.
Exxon Mobil profit falls 58 percent as lower crude, gas prices cut into earningsApril 30th, 2009 Exxon Mobil profits fall 58 percent to $4.6BHOUSTON — Exxon Mobil says its first-quarter profit fell 58 percent as the world's biggest publicly traded oil company, like smaller rivals, encountered far lower year-over-year oil and gas prices. Exxon Mobil Corp., based in Irving, Texas, said Thursday that earnings for the first three months of the year came to $4.6 billion, or 92 cents a share, down from $10.9 billion, or $2.02 a share, a year ago.
Chinese refiner Sinopec says 1Q net profit up 85 pct on higher fuel prices, lower crude costsApril 28th, 2009 Chinese refiner Sinopec: 1Q net profit up 85 pctSHANGHAI — China Petroleum & Chemical Corp., Asia's largest refiner by capacity, said Tuesday that its net profit rose 85 percent in the first quarter, helped by rising prices for oil products and lower crude oil costs. The company, also known as Sinopec, reported a net profit of 11.2 billion yuan ($1.6 billion) in January-March, up from 6.06 billion yuan in the first quarter of 2008.
Reliance Industries quarterly profit down 9.4 pct, sales off 24.9 pct on low crude pricesApril 23rd, 2009 Reliance Industries quarterly profit falls 9.4 pctMUMBAI, India — Indian oil, gas and petrochemicals giant Reliance Industries Ltd. said Thursday that quarterly profits fell 9.4 percent and sales fell 24.9 percent, as waning demand pushed global crude prices lower.
ONGC net profit dips 43.3 percent in third quarterJanuary 27th, 2009 NEW DELHI - State-run upstream major Oil and Natural Gas Corp Wednesday reported 43.3 percent dip in its net profit for the quarter ended Dec 31, owing to low crude prices. The company's net profit for the third quarter fell to Rs.24.75 billion (Rs.2,475 crore/$506 million) from Rs.43.7 billion a year ago.
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