ExxonMobil Corp. reported its highest-ever quarter on Monday, with net income of $8.42 billion ($1.30/share), including a special item of $2.23 billion to settle a long-running U.S. tax dispute. However, oil and natural gas production barely managed to break even globally, and in North America, output was substantially lower.
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BP Assures Alaska of Commitment, But Won’t ‘Chase New Barrels’
BP’s oil and natural gas reserves in Alaska approach 7 billion boe — the largest single item within its global portfolio — and with those types of numbers, the company will remain a major North Slope player for at least 40 years, and probably longer than that, an executive affirmed last week.
September 16, 2002
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