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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The company said its third-quarter net income fell 29 percent as lower refining margins and gas prices were exacerbated by disruptions at some refineries.
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BP PLC, one of Europe's biggest oil companies, reported Tuesday that third-quarter profit fell 29 percent compared with a year ago because of lower margins and interruptions in refining.
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Oil giant BP Plc  posted a  lower-than-expected 12 percent drop in fourth-quarter profit on  Tuesday as production fell and taxes rose but investors were  disappointed by scaled back growth plans and rising costs.
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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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BP PLC said Tuesday its fourth-quarter profit dropped 22 percent to a two-year low, driven down by the declining price of oil and increased safety spending after a series of high-profile mishaps including a deadly refinery blast in Texas and an oil spill in Alaska. The oil company also slashed its growth targets and raised its capital expenditure forecast for this year.
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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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Anglo-Dutch energy giant Royal Dutch Shell said Thursday that third-quarter net profit fell eight percent but still reached almost 6.4 billion dollars (4.5 billion euros) on the back of record high oil prices.
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Oil prices eased on Monday in  profit-taking on heating oil from sharp gains last week sparked  by concerns over low supplies of winter heating fuels.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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The company said profit dipped slightly due in part to higher energy and materials costs and more investment in advertising, but still matched Wall Streetâs expectations.
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ConocoPhillips said refined fuel prices failed to keep pace with gains by crude oil, narrowing profit margins on gasoline and diesel.
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U.S. oil and gas producer XTO Energy Inc. on Tuesday said fourth-quarter profit declined 5 percent as lower natural gas prices weighed on results.
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LONDON -- BP PLC said Tuesday its fourth-quarter profit dropped 22 percent to a two-year low, driven down by the declining price of oil and increased safety spending after a series of high-profile mishaps including a deadly refinery blast in Texas and an oil spill in Alaska. The oil company also...
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.
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Hain Celestial Group Inc. said Wednesday that fiscal first-quarter net income fell slightly as the company incurred higher costs for ingredients and freight.
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Dollar General Corp. said Wednesday that its third-quarter profits dropped nearly 9 percent amid high gas prices and reduced spending by its core, low-income customers. The discount retailer also lowered its forecast for the rest of the year.