Noble Energy profit slips on gas price drop
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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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Annual profits rise sharply at oil giant Chevron but a slump in gas prices leads to a drop in profits in the final quarter.
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British oil and gas firm Cairn Energy has seen profits drop 40%, but reports strong reserves in its Indian oil fields.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell 9 percent, pulled down by weaker natural gas prices that have pared record earnings across the industry.
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World oil prices slipped on Thursday as  dealers began to take profits from the week's Hurricane  Ivan-inspired gains, betting that the worst of the storm's  disruption had been factored into prices.
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Lawnmower maker the Toro Company  said on Thursday quarterly earnings slipped in line with falling revenue, but beat estimates as growth in its professional segment helped offset lower domestic residential segment sales.
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Oil giant BP Plc saw its third-quarter profits reduced by energy trading losses after its dealers got on the wrong side of volatile markets.
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OIL prices eased further below $50 a barrel yesterday, extending a week-long bout of profit-taking that has cut more than $5 from record-high crude ahead of the US presidential election.
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Centrica, the owner of British Gas, reports a 5% fall in operating profits  despite the benefit of higher fuel bills.
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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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Oil giant BP Plc saw its third-quarter  profits reduced by energy trading losses after its dealers got  on the wrong side of volatile markets.
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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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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Anglo-Dutch energy giant Royal Dutch Shell said Thursday that its net profit fell by eight percent in the third quarter as the company experienced a drop in oil production.
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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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California utility PG&E Corp.   posted lower fourth-quarter earnings on Thursday, hurt  by severance costs from streamlining operations at its Pacific  Gas & Electric utility.
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Oil dipped below $60 a barrel on Wednesday, as dealers took some profits from gains following an extended disruption to Alaskan crude exports and on expectations of a decline in fuel stocks in the United States.