Industry

Chevron sees Q2 earnings increase

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Chevron reported second quarter net income of US$7.7 billion, up from US$5.4 billion in second quarter 2010 on the back of higher crude oil prices.

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ConocoPhillips Q2 profits hit US$3.4 billion

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ConocoPhillips posted second-quarter earnings of US$3.4 billion which was an 18 per cent drop on last year's Q2 2010 profits of US$4.2 billion.

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Petrotechnics pushing for regional growth

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Petrotechnics has opened a new office in Saudi Arabia that will help the company grow its regional presence and enable it to bring its IT solutions to a wider audience.

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Occidental see Q2 profits jump 17 per cent

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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.

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FMC Technologies Q2 earnings jump 21 per cent

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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.

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