Strong showing for oil giants

[struggle4progress]

May 05 06:20
AP

... Shell's net profit rose 3.1 per cent to $US6.89 billion ($8.97 billion), while Total's earnings rose 15 per cent to 3.68 billion euros ($6.05 billion) ../

Total's volume production fell 5 per cent, and the company declined to say how much it stands to suffer from moves by governments in Bolivia and Venezuela to regain partial or full control of the hydrocarbon industry.

Taken as a group, Exxon Mobil, BP, Shell, Total, Chevron and ConocoPhillips reported profits of $US32.8 billion in the first quarter, a 6.5 per cent rise.

http://afr.com/articles/2006/05/05/1146335891883.html