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Business & Financial News

Apache's First-Quarter Net Income Doubles to $1.02 Billion
5/1/2008 - Apache Corporation reported first-quarter net income of $1.02 billion, or $3.03 per diluted common share, the company's second consecutive quarter with earnings over $1 billion and a 108-percent incre...

Rowan Reports First Quarter 2008 Operating Results
5/1/2008 - For the three months ended March 31, 2008, Rowan Companies generated net income of $98.6 million or 88 cents per share, compared to $86.4 million or 77 cents per share in the first quarter of 2007 and...

NATCO Group Announces 1st Quarter 2008 Results
4/30/2008 - NATCO Group announced revenue for the first quarter 2008 of $152 million, an increase of 19% over first quarter 2007 revenue of $127.4 million. Net income available to common stockholders for the firs...

Steady Production Growth and Surging Revenues Highlights CNOOC Ltd’s Remarkable Q1 Results
4/28/2008 - CNOOC Limited announced its remarkable results for the first quarter in 2008. Within the period, it recorded a net production of 496,753 BOE per day with a year-on-year (YOY) increase of 5.0%. The Com...

JSC KazMunaiGas announces operating results for the first three months of 2008
4/28/2008 - JSC KazMunaiGas Exploration Production announced that in the first three months of 2008 the Company produced 2,892 thousand tonnes of crude oil (233.5 kbopd). This is 604 thousand tonnes more than in ...

Occidental Petroleum Announces Record First Quarter Net Income
4/24/2008 - Occidental Petroleum Corporation announced net income of $1.846 billion ($2.23 per diluted share) for the first quarter of 2008, compared with $1.212 billion ($1.43 per diluted share) for the first qu...

Urals Energy Announces Sale of Non-core Assets in the Komi Republic
4/22/2008 - Urals Energy Public Company Limited reported the sale of certain of its non-core assets in the Komi Republic. The Company is in the process of streamlining its portfolio to focus on its major assets i...

Sabic Reports First Quarter 2008 Results
4/20/2008 - Saudi Basic Industries Corporation (SABIC), reported first quarter 2008 (1Q08) profits of 6.92 billion Saudi Riyals, compared with 6.28 billion Saudi Riyals for the same period in 2007, an increase of...

Honeywell Reports First Quarter Sales Up 11% to $8.9 Billion; Earnings Up 30% to $0.85 Per Share
4/18/2008 - Honeywell announced first quarter 2008 sales increased 11% to $8.9 billion from $8.0 billion in 2007. Earnings were up 30% to $0.85 per share, versus $0.66 per share in the prior year. Cash flow from ...

Lukoil net income rose by 27.1% in 2007
4/10/2008 - Lukoil net income reached a record of $9,511 million in 2007, which is an increase of 27.1% y-o-y. Ebitda was $15,388 million, which is 25.1% higher y-o-y. Revenue from sales rose by 21.0%, to $81,891...

Sipchem Realizes 232 Million Saudi Riyals in Net Profits for the First Quarter of 2008
4/9/2008 - Saudi International Petrochemical Company (Sipchem) announced the preliminary financial results for the first quarter of 2008. During this period, Sipchem realized SR 232 million in net profits or 54....

Marathon Oil Corporation Provides First Quarter 2008 Interim Update
4/8/2008 - Marathon Oil Corporation provided information on market factors and operating conditions that occurred during the first quarter of 2008 that could impact the Company's quarterly financial results. The...

CNOOC Ltd.’s Net Income Hit New High and Net Production Exceeded Expectations
3/27/2008 - CNOOC Limited announced its annual results for the 12 months ended December 31, 2007. Last year, our total revenues, net profits and net production all increased steadily. The total revenue of the Com...

Total Gabon Announces Financial Results for Fiscal Year 2007
3/14/2008 - The Board of Directors of Total Gabon, chaired by Jean Privey, met on March 14, 2008 and approved the final accounts for the year ending December 31, 2007. Net income in 2007 increased 2.5% to $334.4 ...

SAGA Oil announces fourth quarter 2007 report
3/10/2008 - During the fourth quarter of 2007 SAGA Oil reached an important milestone starting commercial production of oil from its Russian operation. In addition focus has been on continuing the drilling progra...

 
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