ChevronTexaco Profit Up on Record Prices
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ChevronTexaco Corp., the No. 2 U.S.  oil company, on Friday said quarterly profit jumped, driven  largely by a sharp rise in oil and gas prices.
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ChevronTexaco Corp.&#39;s third-quarter profit improved by 62 percent as the oil giant continued to cash in on record-high oil prices.
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Buoyed by soaring crude oil prices, Exxon Mobil announced yesterday that it set new records for U.S. quarterly and annual corporate profits in 2007, and Chevron, the nation's second-largest oil company, also reported big gains in earnings.
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HOUSTON  Â Record oil prices helped ConocoPhillips post a 37 percent increase in fourth-quarter profit even though it produced less crude oil and natural gas than a year earlier.
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The Chevron Corporation will repurchase as much as $15 billion of its stock as record crude prices increase earnings.
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CARNIVAL, the worldâs largest cruise line, yesterday posted record quarterly profits and said the performance underlined the success of its merger with P&amp;O Princess last year.
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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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ConocoPhillips  posted higher fourth-quarter earnings on Wednesday as record oil prices outweighed lower profits from gasoline production.
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Oilfield services company Baker Hughes Inc.  said on Thursday that quarterly profit rose as higher sales and a benefit from an accounting change helped offset a one-time charge.
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Amerada Hess Corp. AHC.N on  Wednesday reported higher quarterly profit, spurred by record  oil and gas prices.
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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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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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ChevronTexaco Corp. CVX.N, the No. 2  U.S. oil company, on Friday said quarterly profit nearly  doubled, pushed up by record energy prices and higher refining  margins.
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Xerox Corp , the leading provider of digital printers and document management services, on Thursday posted a higher quarterly profit, fueled by solid sales of higher-margin color systems.
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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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Record high oil prices sent quarterly  profit up 53 percent at ConocoPhillips COP.N and fueled  results at other oil giants Amerada Hess AHC.N and Kerr-McGee  Corp. KMG.N
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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.