Industry

Sonatrach's net profit jumps 148 per cent in 2010

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Algeria’s Sonatrach posted net profits of US$9.52 billion last year, an increase of 148 per cent over 2009 earning of US$3.83 billion.

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Marathon Oil sees quarterly profits increase

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Marathon Oil reported second quarter 2011 net income of US$996mn which was an increase of 28 per cent compared with profits of US$709mn in the same quarter last year.

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Technip posts operating profit of US$252.6mn for Q2

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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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