Update 2: BP Nearly Doubles Its 3Q Earnings
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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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Third-quarter profit rose at Alcan Inc. (AL.TO: Quote, Profile, Research) on higher aluminum prices and shipments that helped it beat soaring energy costs, the company
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Oil prices rose for a third day on   Tuesday, climbing back above $64 after a fresh delay to BP's   giant Thunder Horse oilfield in the Gulf of Mexico underscored   the difficulty in meeting future demand growth.
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Dow Chemical Co.&#39;s third-quarter earnings soared 86 percent to beat Wall Street forecasts, thanks largely to its ability to boost prices at a faster rate than the surging costs it paid for energy and other feedstock material.
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Royal Dutch Shell Plc  posted a 2.6 percent rise in underlying quarterly profits on Thursday, beating analysts' forecasts, thanks to higher production and strong oil prices.
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BP today announced record third-quarter profits of Â£2.14 billion on the back of soaring oil prices. The worldâs second biggest oil firm said pro forma net earnings included a charge for exceptional items of Â£218 million.
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British oil giant BP reported a 43-percent rise in third-quarter pro forma net profit to 3.94 billion dollars (3.08 billion euros) thanks to soaring crude prices and booming demand.
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The drugmaker said its third-quarter earnings more than doubled on a surge in sales of its blood thinner Plavix, and it raised its outlook for adjusted 2007 earnings.
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A quarterly profit of $3.2 billion was driven by increased trading volume and merger activity.
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Oil giant BP reported a 53 percent rise in fourth-quarter net profit as oil prices surged, but full-year profits fell due to refining outages and rising costs.
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BHP Billiton, the world&#39;s biggest mining company, has doubled its profits in the second half of the year on the back of booming global commodity prices.
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BP Plc, the world's second largest oil  company, reported bumper third-quarter earnings on Tuesday on  the back of high oil prices.
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BP Plc&#39;s oil and gas production rose 11 percent on the year in the third quarter but analysts expect strong earnings for the quarter to be mainly due to runaway oil prices rather than BP&#39;s record in finding oil.
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MONTREAL - Third-quarter profit at Alcan Inc. almost doubled, the company said Thursday, crediting higher aluminum prices and more shipments.
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BP Plc, the world's second largest oil  company, beat analysts' expectations to report bumper third  quarter earnings on Tuesday on the back of high oil prices and  strong refining and chemicals margins.
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Third-quarter profit nearly doubled from a year ago as income from its government segment surged and the insurer reported a one-time gain.
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LONDON (CBS.MW) -- British oil giant BP on Tuesday posted a jump in third quarter profits amid surging oil prices, but plans to spend more in 2005 helped pressure shares.