BHP Announces Record Annual Profit
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Anglo-Australian mining giant BHP Billiton on Wednesday announced Australia&#39;s biggest ever annual net profit, US$3.51 billion (euros 2.84 billion), thanks to soaring demand.
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Anglo-Australian mining giant Rio Tinto posts a 42% jump in full year profits in 2006 to a record $7.4bn.
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PERTH (Dow Jones)--Having secured Chinese iron ore sales worth US$12.2 billion, Australia-based global miner BHP Billiton Ltd. (BHP) said Tuesday that a further aggressive
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Australian resources firm BHP Billiton is expected to post sharply higher earnings in the year to June aided by rising commodities prices, high production levels and continued strong demand from China, analysts said.
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The global mining company Rio Tinto reported a 9 percent increase in its profit for the second half of 2007, in part from record iron-ore production.
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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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The world's biggest miner BHP Billiton has reported a record first-half profit of 6.168 billion dollars, and said it expected China to continue to drive global demand for commodities.
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Oil giant BP today posted record profits of $3.94bn (Â£2.14bn) after fuel prices hit new highs. The third quarter performance of Britain&#39;s biggest listed company came as oil prices rose to an average of almost $50 a barrel.
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Imperial Oil, Canada&#39;s largest energy company, said third-quarter profit rose 44 percent as oil prices surged to a record and natural-gas production increased.
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BHP Billiton chief executive Chip Goodyear yesterday insisted this week&#39;s record profit &quot;isn&#39;t as good as it gets&quot;, as the market wrestled with how to value the stock amid speculation that its share price was near cycle peaks.
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Record oil prices lifted Exxonâs fourth-quarter earnings to $11.66 billion, the highest ever operating profit by a U.S. company.
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Oil giant Royal Dutch Shell reports record annual profits for a UK company, making Â£13.9bn.
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SYDNEY: Anglo-Australian mining group BHP Billiton Ltd. said it had completed an off-market share buyback worth A$2.27b (US$1.77b).
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US oil giant Chevron said its full-year 2006 profit rose 22 percent to a company record 17.1 billion dollars even though fourth-quarter results were squeezed by falling energy prices.
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Anglo-Australian mining giant BHP Billiton said Wednesday it had set or equalled record production figures for seven commodities in the six months to December.
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BHP Billiton, the world's largest miner, posted first-half net profits of 6.017 billion dollars Wednesday, down 2.4 percent.
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Oil giant Royal Dutch Shell reports record annual profits of $25.36bn, despite some setbacks in 2006.