Lukoil's net profit rises 16%, but high taxes curb growth

Article Abstract:

Net profits for Russia's OAO Lukoil rose by 16% to $7.48 bil for 2006, due largely to increased refining margins and higher crude-oil prices; however, higher taxes connected to these prices curbed larger growth. Total revenue increased by 21% to $68.11 bil, but stock prices fell by 1.5% to $83.31.

Sales, profits & dividends, Russia, Company sales and earnings, Company earnings/profit, OAO Lukoil, LUKOY, Financial report

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Reliance Petroleum rises 42% on its market debut

Article Abstract:

Reliance Petroleum Ltd. of India initial public offering saw shares soar greater than 42 percent on its stock debut on Thursday. The securities float raised 27 billion Rupees ($602.1 million). Investors were betting on growth in the petroleum industry in the prosperous Asian economy.

India, Finance, Going public (Securities), Initial public offerings, Company public offering, Company financing, Company overview, Reliance Petroleum Ltd.

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Berkshire trims PetroChina stake for second time

Article Abstract:

Berkshire Hathaway Inc. reduced its stake in PetroChina Company Ltd. from 10.16% to 9.72%, at a per-share average price of $1.47, totaling $136.1 mil. PetroChina did not disclose the buyer's identity.

Fire, marine, and casualty insurance, United States, China, Company investment, Investments, Property and casualty insurance industry, PTR, Berkshire Hathaway Inc., BRK.A, PetroChina Company Ltd.

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