Benefiting from higher oil and gasoline prices, ExxonMobil, the largest oil company in the U.S., and Shell Thursday reported significant increases in second-quarter profits.
Earlier this week BP and ConocoPhillips reported strong but lower earnings over the comparable quarter last year.
For ExxonMobil, the second quarter 2011 was the largest for the company since it set a corporate quarterly earnings record in 2008, The New York Times noted, when crude oil prices reached $150 a barrel before collapsing as the world economy slowed.
ExxonMobil earned $10.7 billion for the quarter, up from $7.56 billion the year before. Shell earned $8.7 billion, up from $4.4 billion a year ago.
ConocoPhillips Wednesday reported a second quarter profit of $3.4 billion, or $2.41 a share, down from $4.16 billion, or $2.77 a share, last year.
BP on Tuesday reported lower than expected earnings for the second quarter as it continues to rebound from the Gulf of Mexico oil spill. BP earned $5.6 billion for the second quarter, compared with a loss of $17.2 billion in the comparable quarter of 2010.
The Louisiana Workforce Commission said Friday that initial claims rose to 2,125 from the previous week's total of 1,964. There were 2,887 initial claims during the comparable week in 2013.
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Patrick Kane II recalls his mother awakening him 50 years ago to say his dad’s plane was missing.
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Chair of the energy committee, Mary Landrieu (discussing the urgency of Keystone with Canadian Foreign Minister John Baird) should get the respect she deserves in Louisiana.
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Former W. Home Furnishings owner Rene Ward faces seven years in prison.
Stuller’s Danny Clark focuses on satisfied customers and effective employees as he settles in as the company’s president/COO.
Sterling Ford-Lincoln of Opelousas ribbon cutting and the State of the Parish address
Increases in higher-end home sales say a lot about the health of the overall market.
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Forecasts for more frigid weather drive prices to highest level in four years.
CiCi's Pizza on Johnston Street will be torn down to make way for popular bakery-café Panera Bread's first Lafayette store.
A computer services company announced Tuesday that it plans to open a new technology center in Bossier City, creating 800 new jobs and bolstering efforts to position northwest Louisiana as a center for cybersecurity work.
The four-week moving average, which is a less volatile measure of claims, decreased to 2,332 from the previous week's average of 2,566.
Auto dealership welcomes the community to celebrate