PetroChina profit pressured by costs

Article Abstract:

PetroChina Company Ltd. of China posted second half 2006 profit slide by 13 percent to 61.54 billion Yuan from 71 billion Yuan last year. The petroleum giant is increasing production and exporation in the face of surging demand for energy resources in China.

China, Market information - general, Economic aspects, Supply and demand, PTR, PetroChina Company Ltd.

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Shell warns on output after profit gusher: access to resources shrinks, costs rise; high prices lift net

Article Abstract:

Full-year 2007 earnings for Royal Dutch Shell PLC rose 23% to reach $31.3 bil, due in part to higher oil prices counterbalancing lower refining margins and production. Fourth-quarter profit rose 60% to $8.5 bil, which was lower than analysts' expectations.

Netherlands, Royal Dutch-Shell PLC

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BP's profit declines 17% as oil prices, output fall

Article Abstract:

First-quarter net profit for UK petroleum company BP PLC fell by 17% to $4.66 bil, as higher refining margins were offset by decreased production, lower prices, and the company's $1.1 bil acquisition of the Dutch manufacturing business of Chevron Corp.

United Kingdom, BP PLC

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