Industry
Technip posts operating profit of US$252.6mn for Q2
Technips 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.
Exxon Mobil Q2 profits hit US$10.7 billion
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.
Shell Q2 earnings nearly double
Royal Dutch Shells 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.