Companywide

ConocoPhillips’ operating costs in 2Q2009 fell by more than 15% companywide from a year ago, but the “impact of lower natural gas prices in North America created a significant headwind for us,” the company’s CFO said Wednesday.

Following an announcement earlier this month that it is embarking on a companywide restructuring, industry giant BP plc last week released disappointing third quarter results — a 29% decline in net income — that were largely influenced by refinery problems, lower refining margins and weak marketing and trading results.

Following an announcement earlier this month that it is embarking on a companywide restructuring, industry giant BP plc Tuesday released disappointing third quarter results — a 29% decline in net income — that were largely influenced by refinery problems, lower refining margins and weak marketing and trading results.

The Williams Cos. reported a strong performance in the first quarter by its natural gas production and pipeline businesses, but its companywide profits were flat from a year ago due to heavy losses suffered on the power side.