Record Profit for Exxon and Shell
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Exxonâs profit of $39.5 billion broke the record it set last year for the largest profit ever by an American company.
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HOUSTON -- Oil giant Exxon Mobil Corp. said yesterday it will spend some of its record profits on more than 20 new global projects in the next three years, investments expected to add 1 million oil-equivalent barrels a day to the company's volumes at peak production.
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Royal Dutch/Shell Group unveiled another, bigger-than-expected, cut in oil reserves on Thursday but tempered the news by announcing record profits and plans for higher dividends and share buybacks.
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BHP Billiton, the world's largest miner has posted a record annual net profit of 10.45 billion US dollars and delivered an upbeat outlook amid unprecedented global demand for commodities.
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ChevronTexaco Corp.CVX.N, the No. 2  U.S. oil company, on Friday reported a rise in quarterly  profit, pumped up by record oil and gas prices and gains on  asset sales.
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Exxon Mobil Corp. , the world's largest publicly traded oil company, on Thursday reported a rise in quarterly profit, driven by soaring oil and gas prices in the quarter.
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Anglo-Dutch oil group Royal Dutch Shell has posted record annual net profit Thursday of 25.44 billion dollars (19.54 billion euros), but output faltered owing to production problems in Nigeria.
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High oil and gas prices and bigger profit margins in refining helped the British energy giant BP PLC nearly double its third-quarter earnings, the company said Tuesday.
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Chevron Corp , the second-largest U.S. oil company, on Friday said its fourth-quarter earnings rose as record prices for oil outweighed relatively weak refining profits.
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Energy giant Shell announces an annual profit of Â£9.32bn - a record for a UK-listed company.
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Exxon Mobil Corp. XOM.N, the world's  largest publicly traded oil company, on Thursday reported a  rise in quarterly profit, driven by soaring oil and gas prices  in the quarter.
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NEW YORK - Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:  NYSE  Exxon Mobil Corp., up 50 cents at $74.61.  The company turned in a profit of $39.5 billion for 2006, the largest ever for a U.S.
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Exxon Mobil Corp. Thursday reported the biggest annual profit on record for a U.S. corporation - earning more than $75,000 every minute of 2006 on the back of record oil prices.
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Oil giant Royal Dutch Shell reports record annual profits for a UK company, making Â£13.9bn.
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Exxon Mobil Corp. XOM.N, the world's  largest publicly traded oil company, on Thursday said quarterly  profit surged 56 percent, driven by soaring oil prices and  strong results from refining operations.
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BP and Shell are on track to unveil record quarterly profits helped by surging world oil prices, press reports claim.
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ExxonMobil (XOM:NYSE - news - research) stepped up to the plate Thursday with record-breaking profits that raced past Wall Street estimates.