High Prices Boost BP 3rd-Quarter Profits
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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.
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ConocoPhillips COP.N, the No. 3 U.S.  oil company, on Wednesday reported a sharp rise in quarterly  profit, as soaring oil and gas prices offset the impact of  reduced gains on asset sales and lower volumes.
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Oracle Corp. , the world's third-largest software maker, reported on Tuesday higher quarterly profit as sales of products it acquired over the past year helped boost earnings.
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Exxon Mobil Corp  said on  Friday record oil prices boosted its fourth-quarter earnings to  $11.66 billion, the highest ever operating profit by a U.S.  company.
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A quarterly profit of $3.2 billion was driven by increased trading volume and merger activity.
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DuPont Co. reported a third-quarter profit Tuesday, saying higher sales volumes and local selling prices offset a sharp increase in the cost of energy and raw materials.
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Canadian Natural Resources Ltd., Canada&#39;s second-largest natural-gas producer, said third-quarter profit jumped 55 percent as prices soared and acquisitions boosted output.
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After months of soaring crude oil prices, BP, the world&#39;s second-biggest publicly traded oil company, reported a 43 percent rise in third-quarter profit on Tuesday and forecast
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BP PLC reported a 53 percent rise in fourth-quarter net profit Tuesday as oil prices surged, but full-year profits fell due to refining outages and rising costs.
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BP reported a 45 percent fall in  third-quarter replacement-cost profit to $3.867 billion due to  lower oil and gas production, problems at its refining division  and fewer asset sales which had flattered the year-earlier  result.
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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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British Energy sees profits rise sharply in the last three months of 2006, boosted by higher electricity prices.
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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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Oil giant BP reports buoyant trading in the third quarter, with production up by 11%, on the back of soaring crude prices.
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General Electric Co. GE.N on Friday  said third-quarter earnings rose as profit gains across many of  its financial and industrial businesses outweighed  hurricane-related costs.
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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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Chemical giant BASF AG said Thursday it nearly tripled its net profit in the third quarter as sales rose strongly and the company raised prices to cover the higher cost of oil.