Apr 23rd, 2009 - Wall Street Journal
Related topics:
ConocoPhillips said its first-quarter net income tumbled from a year earlier, which is when oil and gas prices were reaching their peak. Its marketing margins were also squeezed.
The global financial crisis has put an end to the boom for oil and gas companies. A steep plunge for both commodities from their midsummer highs has left many companies struggling to make up for the lost revenue, and has resulted in falling asset values.
Related stories:
Schlumberger 1Q Net Down 30% On Reduced US Drilling
Apr 24th, 2009 - Wall Street Journal
(Updates with chief executive's comments during conference call) HOUSTON (Dow Jones)--Schlumberger Ltd.'s (SLB) first quarter earnings fell 30% amid plummeting drilling activity...
Recession 'may hurt Gallipoli services'
Apr 24th, 2009 - ABC News
The Federal Government expects the global recession will affect crowd numbers for Anzac Day dawn services at Gallipoli and in Europe this year. The number of people attending the service has grown considerably in recent years.
ConocoPhillips sets stage for dreary reports from Big Oil
Apr 24th, 2009 - Houston Chronicle
ConocoPhillips set the stage Thursday for what is likely to be a bleak batch of financial reports from major oil and gas companies in coming days, with word of an 80 percent...
Conoco, Oxy profits shrink, but beat the Street
Apr 23rd, 2009 - Reuters
NEW YORK (Reuters) - The steep drop in oil prices hammered ConocoPhillips (COP.N) and Occidental Petroleum (OXY.N) earnings down 80 percent, but they still managed to outshine Wall Street's dreary expectations.
ConocoPhillips net income falls 80%; production rises
Apr 23rd, 2009 - MarketWatch
NEW YORK (MarketWatch) - ConocoPhillips on Thursday said its first-quarter profit eroded by 80% as the oil major grappled with a big drop in oil prices even as production volume increased.
