ConocoPhillips Posts 65% jump in quarterly profit

Article Abstract:

ConocoPhillips of the United States posted a soaring profit increase by 65 percent to $5.2 billion for the second quarter. Revenue results were due to increased market share for petroleum refining, higher prices for oil and the recent acquisition of a natural gas company, Burlington Resources Inc. also of the United States.

Industry overview

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ConocoPhillips net rises 51%, powered by stronger oil prices

Article Abstract:

ConocoPhillips of the United States net income rose 51 percent to $3.68 billion in the fourth quarter. Revenue is up 30 percent to $52.2 billion. The increases are due to soaring oil prices, expected to produce stellar results across the board in the energy sector.

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Chevron net jumps, aided by Unocal purchase

Article Abstract:

Chevron Corp. of the United States posted soaring net income increases by 18 percent to $4.35 billion. Strong revenues were partly due to the acquisition of Unocal Corp. also of the United States.

Chevron Corp., CVX

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