Profits soar for Norway oil giant
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Statoil sees soaring earnings as the oil and gas firm pushes ahead with the takeover of Norwegian rival Norsk Hydro.
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ConocoPhillips COP.N, the No. 3 U.S.  oil company, on Wednesday reported a rise in quarterly profit,  boosted by soaring oil and gas prices.
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Total sees its profits in the last three months of 2007 rise by 62% on record oil prices and new production plants.
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Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company.
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Norwegian telecommunications operator Telenor on posted a rise in profits in the third quarter as its international mobile telephony operations once again boosted earnings.
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French oil group Total has reported a 5.0-percent rise in adjusted net profit on the back of high oil prices last year to 12.585 billion euros (15.8 billion dollars), a record for any French company.
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"Through the merger, we have gained a stronger global portfolio and a better position for future growth."  OSLO, Norway : Norway's new state-controlled oil company StatoilHydro ASA on Wednesday said it expects oil production to increase 16 percent by 2012 after declining in recent years. via International Herald Tribune
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ConocoPhillips  posted higher fourth-quarter earnings on Wednesday as record oil prices outweighed lower profits from gasoline production.
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Anglo-Dutch oil giant Royal Dutch Shell said on Thursday that net profits leapt 23 percent last year to a record 31.331 billion dollars (21.115 billion euros), energised by soaring crude prices.
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Exxon Mobil Corp. XOM.N, the world's  largest publicly traded oil company, on Thursday said quarterly  profit surged 56 percent, driven by soaring oil prices and  strong results from refining operations.
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Royal Dutch Shell Plc  posted a 2.6 percent rise in underlying quarterly profits on Thursday, beating analysts' forecasts, thanks to higher production and strong oil prices.
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BP Plc, the world's second-largest  listed oil company by market capitalization, reported  above-consensus fourth-quarter profits on Tuesday thanks to  high oil prices and strong refining margins.
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The oil field services company said its emphasis on Middle Eastern markets contributed to a nearly 5 percent jump in fourth-quarter profit.
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ConocoPhillips , the No. 3 U.S.  oil company, on Wednesday reported a 65 percent surge in  quarterly profit, boosted by sharply higher crude oil prices  and the recent acquisition of Burlington Resources.
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British gas giant BG Group has said that net profits leapt 23 percent last year on rising production and increased energy prices.
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Statoil ASA said Monday that high oil prices boosted its revenues to a new record for 2005, with net profits more than doubling in the fourth quarter.
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The European oil giant reported a 1.5 percent increase in profit thanks to proceeds from its sale of its last British refinery and a pipeline in the United States.