Profit rise as Shell unites board
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Oil giant Shell is to abolish its twin board structure as it unveils a strong set of  profits helped by record oil prices.
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Exxon Mobil Corp. XOM.N, the world's  largest publicly traded oil company, on Thursday reported a 56  percent rise in quarterly profit, driven by soaring oil and gas  prices in the quarter.
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Oil giant BP today said record fuel prices and better refining margins had helped it to bank nearly Â£1 million a day in profits. BP posted profits of 3.94 billion US
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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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The Pepsi Bottling Group reported higher-than-expected profit yesterday, helped by cost controls and price increases, and raised its full-year forecast, sending its shares up.
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New bosses of oil giant Shell could get big rises in their total salary packages after the planned merger of its Dutch and UK operating companies, it was reported today.
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Exxon Mobil Corp. , the world's largest publicly traded oil company, on Thursday reported a rise in quarterly profit, driven by soaring oil and gas prices in the quarter.
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High oil prices, combined with surging demand for oil products such as petrol, land BP another jump in profits.
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Oil giant Royal Dutch Shell Plc posted record European company earnings of $27.6 billion in 2007, but fourth-quarter profit missed forecasts.
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Oracle&#39;s stock price rose on Wednesday after the software maker reported that its first-quarter profit surged 16 percent compared to last year, reaching $509 million.
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The warning came during its earnings report and on a day when Shell said it would merge the two entities that make up the company, unifying the boards and management.
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The Loews Corporation, the conglomerate run by the Tisch family, reported a nearly sixfold increase in fourth-quarter profit yesterday, helped by gains at its insurance and oil drilling units.
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Shares in Royal Dutch/Shell have risen in Amsterdam and London, lifted by speculation that investors will increase their holdings in the stock to reflect its unified structure.
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BP's annual profits rise 26% to $16.2bn (Â£8.7bn) as the company benefits from soaring oil prices.
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Oil giant Royal Dutch Shell Plc (RDSa.L)  beat forecasts on Thursday to report a 36 percent rise in  second-quarter current cost of supply net profit, which strips  out changes in inventory values, to $6.3 billion, thanks to  high oil prices.
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BP Plc&#39;s oil and gas production rose 11 percent on the year in the third quarter but analysts expect strong earnings for the quarter to be mainly due to runaway oil prices rather than BP&#39;s record in finding oil.