Shell profit slips to 6.4 billion dollars as oil output declines
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Anglo-Dutch energy giant Royal Dutch Shell said Thursday that third-quarter net profit fell eight percent but still reached almost 6.4 billion dollars (4.5 billion euros) on the back of record high oil prices.
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Royal Dutch Shell Plc  said on Thursday its fourth-quarter current cost of supply (CCS) net profit rose 14 percent to $6 billion.
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Exxon Mobil Corp.  reported a slight decline in fourth-quarter earnings Thursday due to lower natural gas prices and shrinking profits from gasoline sales.
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NEW YORK  - The world&#39;s leading alumium producer, Alcoa, said Thursday quarterly net profit slipped as operations took a double-hit from a labour strike and Hurricane Ivan.
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U.S. oil and gas producer XTO Energy Inc.  on Tuesday said its fourth-quarter profit fell as lower natural gas prices weighed on results.
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Oil futures slipped on Monday in modest profit taking from a surge late last week on jitters over Nigerian output, but losses were checked by refinery outages and signs that OPEC's supply cuts were helping drain stockpiles.
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Falling production and refinery problems dents BP's second-quarter earnings, which dipped 1% to $6.09bn.
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British energy giant BP has said that net profits dipped in 2006, reflecting a decline in production and refining margins, despite record peaks for crude oil prices in the middle of the year.
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BHP Billiton, the world's largest miner, posted first-half net profits of 6.017 billion dollars Wednesday, down 2.4 percent.
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Alcoa Inc. AA.N, the world's biggest  aluminum producer, said on Monday its quarterly net profit  slipped because of higher energy costs, a weaker dollar and a  charge it took for divesting non-core businesses.
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Shell reports a record profit for a UK-listed company of Â£9.3bn but also restates its oil reserves again.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices and refining margins.
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TOKYO Toyota Motor reported on Monday that its profit slipped 1.5 percent in the most recent quarter as the damage from a falling dollar offset strong gains in global vehicle sales.
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The rising cost of oil production hurt Royal Dutch Shell's earnings betweeen June and September.
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Surging oil prices and a weak dollar prompted a spate of profit-taking today, pushing stocks slightly lower in light holiday-week trading.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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Royal Dutch Shell PLC said Thursday that third-quarter net profit rose 16 percent despite a drop in production, but it warned that the underlying performance of its refining operations was weaker than it appeared.