2Q2008

Chesapeake Output Soars; CEO Sees Gas Floor of $9-11

Chesapeake Energy Corp. kept its U.S. natural gas machine churning 24/7 in 2Q2008, and the results were enviable.

August 4, 2008

Chesapeake Output Soars; CEO Sees Gas Floor of $9-11

Chesapeake Energy Corp. kept its U.S. natural gas machine churning 24/7 in 2Q2008, and the results were enviable.

August 4, 2008

Majors’ Output Falls Despite Higher Spending

ExxonMobil Corp. spent 38% more to look for oil and natural gas reserves in 2Q2008 — nearly $7 billion worldwide — but the oil major’s output still slumped 8% from the same period a year ago. Exxon’s record profit, up 14%, barely topped the earnings reported by rival Royal Dutch Shell, which reported a 1% production decline. Meanwhile, Chevron Corp.’s earnings were up 11%, but output dropped 3.4%.

August 4, 2008

Exxon, Shell Output Falls Despite Higher Spending

ExxonMobil Corp. spent 38% more to look for oil and natural gas reserves in 2Q2008 — nearly $7 billion worldwide — but the oil major’s output still slumped 8% from the same period a year ago. Exxon’s record profit, up 14%, barely topped the earnings reported by rival Royal Dutch Shell, which reported a 1% production decline.

August 1, 2008