High oil and gas prices boost producer earnings to record levelsPhillips fourth quarter earnings triple, refining and chemicals earnings hit by high product acquisition and energy costs Steve Sutherlin PNA Managing Editor
Phillips Petroleum Co. reported fourth quarter net operating income (excluding special items) of $701 million or $2.75 a share, more than triple the $215 million it reported the fourth quarter of 1999. Exploration and production produced $695 million of net operating income while refining, marketing....
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Merger pumps up BP profits, cuts costs Higher product prices boost Chevron earnings Exxon earnings up 102 percent Adjustment triggers fourth quarter loss for Marathon
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