Exxon Mobil 2Q profit sets US record, shares fall
HOUSTON - Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares fell. Iraq nears first major oil service deals
BAGHDAD - Iraq is close to signing oil service deals with several major Western oil companies in an effort to boost its output capacity, the country's oil ministry said Thursday -- the first major Iraqi contracts with big Western companies since the 2003 U.S.-led invasion. Oil chiefs say high prices not our fault
Don't blame us, oil industry chiefs told a skeptical Congress. Top executives of the country's five biggest oil companies said Tuesday they know record fuel prices are hurting people, but they argued it's not their fault and their huge profits are in line with other industries.
|
