High oil prices boost BP's profit
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Oil giant BP reports a 15% rise in annual profits, buoyed by high crude prices in the first half of the year.
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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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BP PLC reported an 11 percent increase in production for the third quarter on Monday, which may help its profit results over the same period.
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Exxon Mobil Corp., 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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BP said that second-quarter profit rose on the sale of the Coryton refinery in Britain and the West Texas pipeline in the United States to Occidental Petroleum.
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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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ConocoPhillips said that its fourth-quarter profit more than doubled because of high oil and gas prices and better refining margins.
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Oil prices rose for a third day on   Tuesday, climbing back above $64 after a fresh delay to BP's   giant Thunder Horse oilfield in the Gulf of Mexico underscored   the difficulty in meeting future demand growth.
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Occidental Petroleum Corp.  on Monday reported a higher quarterly profit, benefiting from high oil and gas prices.
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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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World oil prices climbed on Monday as  companies operating in the U.S. Gulf of Mexico braced for  output disruptions from powerful Hurricane Ivan.
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BP Plc'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's record in finding oil.
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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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Royal Dutch Shell Plc  posted a 2.6 percent rise in underlying 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 oil company, reported bumper third-quarter earnings on Tuesday on the back of high oil prices.
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Oil major BP&#39;s BP.L oil and gas production has risen 11 percent in the third quarter from a year earlier, with sharply rising Russian output counteracting falls elsewhere, as oil prices soared to new highs.
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Oil giant BP reports buoyant trading in the third quarter, with production up by 11%, on the back of soaring crude prices.