Occidental Petroleum Corporation (OXY) announced higher quarterly profits of $1.8 billion for the Q2 of 2011, compared with US$1.1 billion for Q2 in 2010, on the back of higher crude oil prices.
Industry
FMC Technologies Q2 earnings jump 21 per cent
FMC Technologies announced that second quarter 2011 revenue hit US$1.2 billion, a rise of 21 per cent from the prior-year quarter , thanks to higher than expected demand in the North American market.
Weatherford profits surge on strong international operations
Weatherford reported strong second quarter 2011 profits of US$110mn on the back of strong growth in international markets that helped the company post record revenues for the quarter.
BG Group Q2 profit jumps on higher oil prices
BG Group reported second quarter 2011 pre-tax profits of US$2.06 billion an increase from US$1.5 billion a year ago, with the rise down to higher oil prices and increased production.
Baker Hughes posts solid Q2 profits
Baker Hughes announced solid second quarter earnings that saw profits rise to US$408mn, compared to US$93mn for the second quarter of 2010 and US$381mn, for Q1 2011.
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