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Chevron, Exxon Report Plunging Profits in 3rd-Quarter Results
2015-11-02 16:29:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Exxon Mobil and Chevron reported plunging revenue and profits on Friday, but their fortunes would have been even worse had it not been for a boom in their refining and chemical businesses. Still, those gains were not enough to stanch further job losses at Chevron, which said it planned to cut up to 10 percent of its work force. Exxon Mobil, the largest American oil company, reported a profit for the third quarter of $4.2 billion compared with $8.1 billion a year earlier. The plunge came with a 37...
Tags: results
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exxon
Chevron cutting up to 7,000 jobs as oil profits shrink
2015-10-31 08:20:35| Oil & Gas - Topix.net
Chevron is cutting up to 7,000 jobs, or 11 percent of its workforce, the latest indication of the toll that low oil prices are taking on the industry. The two biggest U.S. oil companies reported huge profits for the third quarter.
Tags: jobs
oil
cutting
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Strong RV Sales Drive Patrick 3Q Profits up 24%
2015-10-31 05:17:41| Automakers - Topix.net
Elkhart, Ind.-based supplier Patrick Industries Inc. reported a 24% increase in net income for its third quarter, ended Sept. 27, boosted by strong recreational vehicle sales.
Low oil prices hit Exxon profits
2015-10-30 13:44:05| BBC News | Business | UK Edition
Low oil prices are still hitting profits at the world's largest publically traded oil company, Exxon Mobil.
Boston Beer Co drives margins to boost YTD sales, profits
2015-10-30 10:45:00| Daily beverage news and comment - from just-drinks.com
Boston Beer Co increased both margins and volumes to post a nine-month sales and profits jump, but increased competition for Samuel Adams saw it cut back on its full-year outlook.
Tags: sales
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