Exxon Mobil profit dips on lower gas prices, margins
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Exxon Mobil Corp.  posted lower fourth-quarter earnings on Thursday on weaker natural gas prices and shrinking gasoline profits, but earnings for the full year 2006 were an eye-popping $39.5 billion, the highest in U.S. history.
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Declining oil prices and mounting safety spending sent BP PLC's fourth-quarter profit down 22 percent to a two-year low, the oil company said Tuesday.
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Schlumberger Ltd , the world's  largest oilfield services company, posted a 22 percent rise in  fourth-quarter profit on Friday, but said weaker prices in the  United States and the effects of seasonal weather hurt margins.
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Oil prices fell below $61 on Friday as easing U.S. supply concerns spurred a bout of profit taking.
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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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US stocks ended lower on Monday in a quiet trading day as a sharp drop in the price of oil knocked down shares of energy-related companies such as Exxon Mobil Corp.
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Russian gas monopoly Gazprom reports a slight fall in profits because of a dip in prices and demand.
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Noble Energy Inc.  said on  Thursday its fourth-quarter profit fell as weakness in natural  gas prices weighed on results.
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Schlumberger Ltd. , the world's largest oilfield services company, on Friday posted a third-quarter profit but weakness in the U.S. Gulf of Mexico and a pullback in its Russian operations weighed on shares.
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Oil prices fell on Thursday as forecasts  of mild U.S. weather prompted traders to take profits from a  rally that has added over 30 percent to the cost of crude this  year.
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Oil prices declined Monday in what traders describe as profit-taking after futures hit a new high above $55 a barrel. November crude futures fell $1.
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SAN RAMON, Calif. -- Chevron Corp.'s fourth-quarter profit dropped by nine percent, but the oil company still made enough to post its third consecutive year of record earnings.
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British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits almost halved owing to lower output, US gas prices and refinery outages.
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Stocks slipped on Monday as a pullback in crude oil prices weighed on energy companies, including Exxon Mobil Corp , and as caution before housing data tempered optimism from the latest takeover activity.
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The Standard &amp; Poor&#39;s 500-stock index slipped from a three-year high, dragged lower by energy shares including Exxon Mobil as crude-oil prices dropped to their lowest in almost two months.
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British oil giant BP reported a drop in net profit for the three months to June on Tuesday, as energy production dropped for an eighth quarter running despite strong world demand for oil and gas.
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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.