Shell profit slips to 6.4 billion dollars as oil output declines
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Anglo-Dutch energy giant Royal Dutch Shell said Thursday its third-quarter net profit fell eight percent but still reached almost 6.4 billion dollars (4.5 billion euros) on the back of record oil prices.
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Surging oil prices and a weak dollar prompted a spate of profit-taking today, pushing stocks slightly lower in light holiday-week trading.
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Oil and gas producer Kerr-McGee Corp.  KMG.N on Wednesday reported a fall in quarterly profit,  citing a writedown related to a pigment plant and higher  environmental charges.
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Energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits almost halved owing to lower output, US gas prices and refinery outages.
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Annual profits rise sharply at oil giant Chevron but a slump in gas prices leads to a drop in profits in the final quarter.
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Energy giant BP has said that net profits dipped in 2006, reflecting a decline in production and refining margins, despite record peaks for crude oil prices in the middle of the year.
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Dutch brewer Heineken posted a 4.5  percent fall in core profit for the first half on Wednesday, at  the low end of expectations as a weak dollar and sluggish  markets hurt business.
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Oil giant BP Plc  posted a  lower-than-expected 12 percent drop in fourth-quarter profit on  Tuesday as production fell and taxes rose but investors were  disappointed by scaled back growth plans and rising costs.
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BP reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.
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British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits almost halved owing to lower output, US gas prices and refinery outages.
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The price of oil sank for the fourth consecutive day yesterday amid profit taking and easing concerns about supply, dipping below $44 US a week after it threatened to hit $50 US.
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Declining oil prices and mounting safety spending sent BP PLC's fourth-quarter profit down 22 percent to a two-year low, the oil company said Tuesday.
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Profit was up despite a drop in production, but Shell warned that the underlying performance of its refining operations was weaker than it appeared.
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Alcoa Inc.AA.N, the world's biggest  aluminum producer, said on Monday its quarterly net profit  slipped because of higher energy costs, a weaker dollar and a  charge it took for selling some of its businesses.
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Oil giant BP Plc  posted a lower-than-expected 12 percent drop in fourth-quarter profit on Tuesday as production fell and taxes rose but investors were disappointed by scaled back growth plans and rising costs.
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BP PLC said Tuesday its fourth-quarter profit dropped 22 percent to a two-year low, driven down by the declining price of oil and increased safety spending after a series of high-profile mishaps including a deadly refinery blast in Texas and an oil spill in Alaska. The oil company also slashed its growth targets and raised its capital expenditure forecast for this year.
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NEW YORK  - The world&#39;s leading alumium producer, Alcoa, said Thursday quarterly net profit slipped as operations took a double-hit from a labour strike and Hurricane Ivan.