BP Says Third-Quarter Production Rises 11%, Missing Estimates
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BP Plc, the world&#39;s second-largest publicly traded oil company, said oil and gas production rose 11 percent in the third quarter, less than analysts expected, as storms in the US Gulf of Mexico restrained growth.
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STAMFORD, Conn. -- General Electric Co.&#39;s third-quarter earnings rose 11 percent and revenue jumped 15 percent as orders rose sharply, the company said Friday.
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its  787 Dreamliner.
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LONDON (CBS.MW) -- Outlining an expectation for higher oil prices and increasing demand, Royal Dutch/Shell on Wednesday said it&#39;s lifting project spending to $45 billion over the next three years.
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NEW YORK - Oil and gas futures rose yesterday on expectations the hurricane season will intensify and OPEC won't raise output when it meets next week.
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Manufacturing output has risen by 0.3 percent in April from the March figure, official data showed Friday.
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Royal Dutch Shell Plc (RDSa.L) reported  an 11 percent rise in current cost of supply (CCS) net income  to $6.7 billion on Thursday, as higher oil prices and one-off  gains helped to offset a fall in production.
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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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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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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) as oil prices continued to soar.
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British gas giant BG Group has said that net profits leapt 23 percent last year on rising production and increased energy prices.
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Stocks rose on Wednesday as the government raised its estimate of third-quarter economic growth, while shares of Exxon Mobil Corp.  advanced on rising oil prices.
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British energy giant BP has said that it expects to resume full production by the end of October of 400,000 barrels of oil a day from Prudhoe Bay, the biggest US oil field.
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Energy giant BP said that overall production of its oil products during the third quarter was expected to rise by 11 percent from the equivalent figure last year, helped by its Russian operations.
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Anadarko Petroleum Corp. said Friday that third-quarter profit rose 46 percent as high oil prices offset charges from restructuring.
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BP Plc  expects its oil and gas production to have fallen 0.6 percent in the third quarter as losses at its Alaska operations and sales of oil fields outweighed gains from new start-ups and a benign hurricane season.
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General Electric Co.âs third-quarter earnings rose 11 percent,and revenue jumped 15 percent as a rebounding economy and acquisitions drove a sharp increase in orders, the company said Friday.