In yet another record year that was spurred by its upstream operations, ExxonMobil Corp. boosted its fourth quarter income 63% over a year ago, reporting $6.65 billion ($1.01/share), an increase of $2.56 billion year-over-year. Excluding still-lingering merger effects, discontinued operations and special items, ExxonMobil’s earnings were up $630 million from 4Q2002.
Spurred
Articles from Spurred
Trunkline Removes Critical Notice That Spurred Producer Complaint
A multi-year “critical notice” that was the target of a complaint brought by producer-shippers against Trunkline Gas pipeline was removed last Wednesday, the pipeline informed FERC.
December 15, 2003
Trunkline Removes Critical Notice That Spurred Producer Complaint
A multi-year “critical notice” that was the target of a complaint brought by producer-shippers against Trunkline Gas pipeline was removed Wednesday, the pipeline informed FERC.
December 12, 2003
Prices Retreat from Spikes, But Chance of Mild Rally Seen
This week’s mighty price rally, spurred by blasts of colder weather than anticipated in many areas, appeared to have stalled Wednesday as most points were flat to a little more than a dime lower and Northeast citygates plunged almost as fast as they had run up earlier (several fell by about a dollar or so, and the Algonquin citygate was down more than a dollar and a half).
December 4, 2003
Futures Take Another Leg Down as Funds Get Shorter
Spurred by losses notched in overnight Access trading, the natural gas futures market continued to free-fall Monday as fund traders re-acquired their short holdings just as quickly as they had exited them earlier this month.
October 21, 2003
Herold Study Finds Major, Independent Upstream Performance Not Measuring Up
Spurred by rising energy demand, majors and independents alike ramped up ambitious exploration and production (E&P) growth plans in the mid-1990s, but in the end, virtually none have yet cleared their upstream “highbars,” according to a new study co-authored by consultants John S. Herold Inc. and London-based Harrison Lovegrove & Co.
October 6, 2003
Futures Climb 23.8 Cents in Technical Rally Spurred by Isabel, Winter’s Approach
Gas futures market observers were startled Wednesday when the October contract bolted 23.8 cents higher to $4.968 ahead of what many experts forecasted would be a large gas storage injection number in Thursday’s weekly EIA storage report.
September 11, 2003
Heat, Not ‘Hype,’ Is Primary Driver of Cash Advances
Hot weather throughout most of the U.S. (with the exception of mild conditions in the Upper Midwest) spurred price increases ranging from about a nickel to 15 cents at nearly all points Monday. Continuation of firming numbers was in doubt, however, due to cold fronts in the Midwest and approaching the Northeast, with the one in the Midwest due to push on into the South over the next day or two.
July 22, 2003
Northern Border Sees 16% Rise in First-Quarter Net Income
Northern Border Partners LP last Tuesday reported first-quarter net income was up more than 16% from a year ago, spurred on by stronger natural gas prices, the inclusion of Viking Gas Transmission in its financial results for the first time and a retroactive cash distribution from its interest in a Powder River Basin gathering system.
April 28, 2003
Northern Border Sees 16% Rise in First-Quarter Net Income
Northern Border Partners LP on Tuesday reported first-quarter net income was up more than 16% from a year ago, spurred on by stronger natural gas prices, the inclusion of Viking Gas Transmission in its results for the first time and a retroactive cash distribution from its interest in a Powder River Basin gathering system.
April 23, 2003
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
