Industry

Technip posts operating profit of US$252.6mn for Q2

Technip_Q2

Technip's Q2 revealed strong Q2 earnings and raised its annual profitability targets as the oil services group saw oil and gas companies spending more to acquire new reserves.

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Exxon Mobil Q2 profits hit US$10.7 billion

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Exxon Mobil saw their profits rise 41 per cent in the second quarter with earnings hitting US$10.7 billion compared to US3.1 billion in the second quarter of 2010, reflecting higher crude oil and natural gas realisations.

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Shell Q2 earnings nearly double

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Royal Dutch Shell's second quarter 2011 earnings nearly doubled on higher oil prices with profits jumping to US$8.66 billion compared with US$4.5 billion in the same quarter a year ago.

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Eni Q2 profits fall on Libya disruption

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Eni's Q2 results were affected by the disruption to the company’s oil and gas operations in Libya. Net profit for the second quarter was US$1.78 billion a decrease of 31 per cent compared with the second quarter of 2010.

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Chevron sees Q2 earnings increase

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Chevron reported second quarter net income of US$7.7 billion, up from US$5.4 billion in second quarter 2010 on the back of higher crude oil prices.

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