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ConocoPhillips (COP)

ConocoPhillips Profits Fall

Conoco Phillips said its third quarter net income dropped 71% to $1.5 billion, or $1 a share, from $5.19 billion, or $3.39, a year earlier.
Results hampered by collapse in crude and natural-gas prices.

Oct 28 · 10:33:00 AM · Source: Company News Release
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by Larry Etter

Hess (HES)

Hess Earnings Down 55%

Oil producer Hess Corp. said it posted a third quarter profit of $341 million, or $1.05 a share, down 55% from $775 million, or $2.37 a share, a year earlier. The latest results included after-tax income of $101 million, mostly related to a resolution of a U.S. royalty dispute. Revenue dropped 35% to $7.38 billion.
Numbers exceeded Street expectations.

Oct 28 · 10:28:00 AM · Source: Company News Release
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by Larry Etter

BP (BP)

BP Q3 Profit Down By 1/3, Beats Forecasts

BP posted a third-quarter profit of $5.3 billion, 34 percent below the year ago figure of $8.0 billion.
But BPs earnings still about $1.5 billion ahead of analysts' forecasts

Oct 27 · 12:47:00 PM · Source: Company News Release
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by Larry Etter

Schlumberger (SLB)

Schlumberger Shows 48% Fall In Q3 Profits

Schlumberger Ltd. Friday reported net income of $787 million, or 65 cents per share, for the third quarter, a decrease from year-earlier earnings of $1.53 billion, or $1.25 a share. The company said oilfield services revenue in the quarter was $4.95 billion, flat sequentially but down 22% from a year ago. Increases in both North and South America offset further declines in the Middle East and Asia.
But company CEO Andrew Gould said he believes "the worst" is behind the company.

Oct 23 · 9:56:00 AM · Source: Company News Release
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by Larry Etter

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