Exxon boosts dividend 11 percent
Exxon Mobil Corp. boosted its cash dividend 11 percent for the second quarter, the company said Wednesday as it declared a 63 cent payout per share to its owners.
View ArticleHess quarterly profit more than doubles on asset sale gains
Hess Corp., the oil company that’s in a proxy battle with billionaire Paul Singer’s Elliott Management Corp., said first-quarter profit more than doubled on gains from asset sales.
View ArticleRosneft plans more arctic exploration to boost share value
OAO Rosneft (ROSN) said a plan to step up Arctic exploration will help increase shareholder value at the same time the world’s largest publicly traded oil producer starts exporting liquefied natural gas.
View ArticleExxon Mobil’s earnings grow amid production declines
Exxon Mobil Corp’s first quarter earnings grew 1 percent, despite declining production and revenues, the world’s largest public company reported Thursday.
View ArticleConocoPhillips net earnings fall slightly with lower production
ConocoPhillips, the largest independent U.S. oil and natural gas producer, struggled with a declining output in its first quarter earnings, a little more than a year after spinning off its refining...
View ArticleOccidental profit falls amid shareholder leadership vote
Occidental Petroleum Corp., the oil and natural gas producer on the brink of a shareholder vote that may eject longtime Chairman Ray Irani, said fourth-quarter profit fell as declining overseas...
View ArticleDow Chemical profit tops estimates on plastics and corn seed
Dow Chemical Co., the largest U.S. chemical maker by sales, posted first-quarter profit that beat analysts’ estimates as corn-seed sales rose and lower prices for natural gas boosted earnings from...
View ArticleGulf shallow water rig shortage boosts profits for Hercules
A growing shortage of shallow-water rigs in the Gulf of Mexico is providing an unexpected profit boost for Hercules Offshore Inc. and Ensco Plc as customers move farther offshore in the hunt for oil.
View ArticleNational Oilwell Varco income drops, but backlog, new orders are up
National Oilwell Varco’s first-quarter income dropped compared to last year, the company reported Friday, but strong international demand for oilfield equipment continued to boost the company’s rig...
View ArticleChevron profit down 4.5 pct. on lower oil prices
Chevron Corp.’s net income fell 4.5 percent in the first quarter as oil prices fell and refinery output fell.
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