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Financials and Investment News in United States

Quarter Financial Highlights - ExxonMobil 3Q Highlights
10/26/2006 - "ExxonMobil's third quarter earnings excluding special items were a record $10,490 million, up 26% from third quarter 2005. Earnings per share excluding special items were up 34% reflecting the impac...
Quarter Financial Highlights - Halliburton 3Q Highlights
10/22/2006 - Halliburton announced today that income from continuing operations in the third quarter of 2006 was $615 million, or $0.58 per diluted share. This compares to income from continuing operations of $49...
Quarter Financial Highlights - Energy Services Group 3Q Highlights
10/22/2006 - ESG posted record revenue of $3.4 billion in the third quarter of 2006, a $795 million or 31% increase over the third quarter of 2005. ESG posted record operating income of $906 million, up $340 milli...
Quarter Financial Highlights - KBR 3Q Highlights
10/22/2006 - KBR revenue for the third quarter of 2006 was $2.4 billion compared to $2.3 billion in the third quarter of 2005. Operating income for the third quarter of 2006 was $98 million compared to operating i...
Quarter Financial Highlights - Schlumberger 3Q Highlights
10/20/2006 - Schlumberger Limited reported third-quarter 2006 operating revenue of $4.95 billion versus $4.69 billion in the second quarter of 2006 and $3.70 billion in the third quarter of 2005. Income from cont...
US Sees Biggest Increase in Gas Reserves in 35 Years
9/27/2006 - U.S. natural gas reserves grew by 6% in 2005, the largest annual increase in gas reserves in 35 years, according to a government report released Tuesday. The amount of onshore gas reserves for 2005 ha...
ExxonMobil CEO: World Has Decades of "Sufficient" Oil
8/22/2006 - The world will have adequate crude oil supplies in the decades to come as developments in technology push back the frontiers of oil exploration and production, said Rex Tillerson, the chairman and chi...
US Energy Challenges
7/28/2006 - The US economy continue to see sharp increases in the price of gasoline and diesel fuel. These increases are caused by the fundamental forces of supply and demand – tight world markets for high-priced...
API Monthly Statistical Report for May 2006
6/14/2006 - Total petroleum deliveries slipped 0.8 percent in May compared with one year earlier, with a sharp decline for gasoline deliveries more than offsetting gains for distillate, jet fuel and residual fuel...
API: FTC Finds “No Instances Of Illegal Market Manipulation”
5/22/2006 - The American Petroleum Institute today issued the following statement regarding a Federal Trade Commission’s report that found "no instances of illegal market manipulation" to influence gasoline price...
Nineteen Pipeline Companies Join Public Awareness Survey Program
5/3/2006 - Nineteen pipeline companies representing 140,000 miles of the nation’s pipelines have signed up for the API/INGAA/AOPL public awareness survey program. The survey program is a response to new federal...
Physical Markets and Oil Prices
5/1/2006 - The world consumes more than 85 million barrels of oil per day. This supply comes from oil fields (or reserves) located around the world, produced by thousands of companies. The largest sources of sup...
Financial Markets and Crude Oil Prices
5/1/2006 - Over the last 25 years, the global oil industry has seen a transformation in the contractual structures used to purchase and sell crude oil. A market structure formerly based on rigid long-term, comme...
U.S. Refining Sector
5/1/2006 - Crude oil needs to be refined in order to produce the gasoline and other products demanded by consumers. Refining a barrel of crude oil involves a series of complex processes. The first stage for a...
Distribution and Marketing
5/1/2006 - Distribution and marketing of petroleum products represent the third segment of the petroleum supply chain. They involve the movement of refined products – gasoline, diesel, heating oil, kerosene, and...
International Crude Oil Market
5/1/2006 - Oil is the world economy’s most important source of energy and is, therefore, critical to economic growth. Its value is driven by demand for petroleum products, particularly in the transportation sect...
API Monthly Statistical Report for March 2006
4/21/2006 - With the end of the federal oxygen mandate approaching, API data show a noticeable movement towards greater use of ethanol in gasoline. For example, by the first week of April, the ethanol-blended pro...
U.S. Oil, Gas Drilling Activity Rises In First Quarter
4/12/2006 - Estimated completions of U.S. oil wells, natural gas wells and dry holes increased by 9 percent in the first quarter of 2006 compared with the same period of 2005, the American Petroleum Institute rep...
API Monthly Statistical Report for February 2006
3/16/2006 - Total domestic deliveries in February showed a modest, year-to-year rise of 0.5 percent, with increases for gasoline and distillate fuel oil being moderated by declines for other products. Gasoline de...
Chevron Outlines Future Growth in Upstream, Natural Gas and Downstream
3/7/2006 - Chevron Corporation has outlined a five-year plan for sustained growth, updating its progress on an extensive queue of major oil and natural gas development projects, exploration successes, newer tech...

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