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CommodityOilPrice.com

ExxonMobil Profits Double to $15.4 Billion

ExxonMobil reported $15.4 billion in third-quarter profit Friday, more than double its earnings a year earlier, with its Gulf Coast refineries running at full capacity and diesel prices doing the rest. The company earned $3.72 per share, or $4.23 on an adjusted basis, beating Wall Street's $4.08 estimate. Adjusted net income reached $17.5 billion, making it one of Exxon's most profitable quarters…

CommodityOilPrice.com

U.S. Oil, Gas Drillers Still on Hold

The total number of active drilling rigs for oil and gas in the United States remained unchanged again this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 603, up 57 from this same time last year. The number of active oil rigs rose by 2, to 462 during the latest reporting period, according to the data. This is 48 above this same…

ForexForexLive

Carney: Canada, EU working toward deepest possible partnership, short of accession

Comments from Canada PM Carney cross the wires: Canada, EU working towards deepest possible partnership, short of accession. We will determine substance, scale and scope of this form of membership over coming months. Accepted President Costa’s invitation to attend European Council meetings in June to conclude negotiations Analysis: Carney is signaling an ambition to deepen Canada’s relationship…

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