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Canada’s fourth-largest energy company, Shell Canada Ltd., posted a 94% increase in profit in the third quarter with the help of higher commodity prices and stronger production numbers.

Fourth quarter completion of a new pipeline and three processing plants should expand production capacity in XTO Energy Inc.’s Freestone Trend by more than 60% to 730 MMcf/d, but the Fort Worth-based independent said estimated volumes will be lower than previous forecasts to reflect “ongoing curtailments imposed by third-party pipeline purchases.”

Dominion on Tuesday reported that the utility’s operating earnings for the second quarter of 2004 came in at $267 million, or 81 cents per share, beating the consensus analysts’ estimate carried on Wall Street by a penny, but lower than operating earnings of $271 million, or 86 cents per share, for the same period in 2003.

ExxonMobil Corp. turned in yet another glowing performance in the first quarter, with profit of $5.44 billion on revenue of $67.6 billion. Quarterly net income slipped 23%, which the company blamed on one-time gains, but across its oil and gas businesses, the major posted higher profits.

Burlington Resources reported a 32% increase in first quarter earnings to $354 million, or $1.78 per diluted share, and a 14% rise in total production to a new quarterly record of 2,849 MMcfe/d. Commodity price realizations were flat.

XTO Energy reported record first quarter natural gas production of 771 MMcf/d, a 30% increase from the first quarter of 2003, and earnings for the quarter of $94.1 million, or 40 cents per share, a 42% increase from the same period last year. The company also completed the purchase of 175 Bcfe in Texas and Arkansas gas reserves.

Burlington Resources reported a 32% increase in first quarter earnings to $354 million, or $1.78 per diluted share, and a 14% rise in total production to a new quarterly record of 2,849 MMcfe/d. Commodity price realizations were flat.

XTO Energy reported record first quarter natural gas production of 771 MMcf/d, a 30% increase from the first quarter of 2003, and earnings for the quarter of $94.1 million, or 40 cents per share, a 42% increase from the same period last year. The company also completed the purchase of 175 Bcfe in Texas and Arkansas gas reserves.

Aided by the combination of higher average oil and natural gas sales prices, higher sales volumes and lower oil and gas production expenses, Forest Oil Corp. posted 2003 net earnings from continuing operations of $90.2 million or $1.82 per basic share and net earnings of $88.4 million or $1.79 per basic share, an increase of over 300% compared to net earnings of $21.3 million or $0.45 per share in 2002.