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Shell reports 44 percent drop in 4Q earnings

Shell reports 44 percent drop in 4th quarter earnings

LONDON — Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another European oil company. Profit adjusted for changes in the value of inventories and one-time items dropped to $1.83 billion from $3.26 billion in the same period a year earlier, the Anglo-Dutch energy giant said Thursday. The results came ...

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BP posts 91 percent plunge in fourth quarter earnings

BP posts 91 percent plunge in fourth quarter earnings

LONDON — BP’s fourth-quarter earnings plunged 91 percent amid sharp declines in oil prices as the British energy company continued to make provision for the Deepwater Horizon disaster in the Gulf of Mexico and streamline operations. The company reported Tuesday that underlying replacement cost profit fell to $196 million from $2.2 billion in the same quarter a year earlier. The ...

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Valero Energy posts better-than-expected profit

Valero Energy posts better-than-expected profit

Valero Energy reported higher-than-expected earnings on Thursday. The San Antonio-based company earned $862 million in profit during the fourth quarter 2015. The San Antonio oil refiner reported earnings of $1.79 per share, beating the average estimate of $1.41 per share. High crack spreads, the difference between crude oil and refined petroleum products, have meant strong profits for oil refiners despite ...

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Duke Energy earnings, sales fall short of expectations

Duke Energy reported third-quarter earnings Thursday that were down 27 percent from a year ago because of weaker performance in its international business and a loss in its commercial segment. Charlotte-based Duke posted a quarterly profit of $932 million, down from $1.27 billion in the same period last year and below the $1.05 billion consensus estimate of analysts surveyed by ...

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Austin-based Whole Foods misses on earnings

On the heels of another tough earnings report, Austin-based Whole Foods Market said it will slow its aggressive store growth, among other efforts, to stem declining sales amid increasing competition. Those growth plans still include adding a location in Cedar Park in the next few years, though, the company said. Shares in Whole Foods fell 7 percent or more in ...

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Halliburton comments on last year’s earnings, 2015’s challenges

Halliburton recently released its fourth quarter earnings report for 2014 and reported total revenues of $8.8 billion compared to the previous quarter’s $8.7 billion, according to The Bakken Magazine. For both the third and fourth quarters of 2014, the company’s adjusted operating income was $1.4 billion. For the third quarter, the operating income was $1.6 billion. For the fourth quarter, ...

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National Fuel’s profits top forecast, but earnings forecast to drop in 2015

National Fuel’s fast-growing pipeline business helped the Amherst-based energy company’s profits top analyst forecasts during the summer, but falling energy prices are likely to take a chunk out of its earnings in the near future. National Fuel’s profits during its fourth quarter grew by 20 percent to $57.4 million, or 68 cents per share, up from $47.8 million, or 57 ...

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Valero Energy Partners’ profit rises

Vicki Vaughan | The San Antonio Express-News SAN ANTONIO — Valero Energy Partners boosted its net income by more than 5 percent in the second quarter to $12.2 million compared with $11.6 million for the year-earlier period. “Our results for the second quarter were solid,” Chairman and CEO Joe Gorder said. The company increased its distribution to unit holders by ...

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Duke earnings rise 58 pct in 4Q

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Associated Press | CHARLOTTE, N.C. (AP) — Duke Energy is reporting a 58 percent jump in fourth-quarter profit after raising its rates and getting a strong performance from its Brazilian operations. Duke earned $688 million, or 97 cents per share. That’s up from $435 million, or 62 cents per share, in the same quarter the year before. Excluding one-time charges, the ...

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