Profits | Egypt Oil & Gas - Part 3

Crude Oil Fails to Keep PetroRabigh Profits Afloat

Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) reported that its profits swung to a net loss in the third-quarter

Schlumberger Earnings Fall by Half

Schlumberger ltd, the world’s largest oil services company, said that its Q3 earnings have fallen by 49%,

EU Gas Imports from Russia Rise Even as Demand for the Fuel Falls

Europe is increasing imports of Russian gas even as demand on the continent is falling, reported Reuters.

Shell Posts Weak Q2 Profit, Plans to Cut Jobs

European oil giant Royal Dutch Shell Thursday reported a sharp fall in its profit for the second quarter, hit by the plunge in oil and gas prices.

Sipchem Profits Tumble More than Expected

Saudi International Petrochemical Co (Sipchem) reported a 55% drop in second-quarter profit on Monday

PetroRabigh Profits Strong and Steady Despite Oil Prices

Saudi Arabia's PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved.

The Rise and Decline of SABIC Petrochemicals Profits

Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 4.5% drop in second-quarter net profit on Sunday, a much smaller decline than analysts had forecast.

Saudi Petrochemical Profits Fall Below Expected

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) reported a 63% fall in second-quarter net profit on Tuesday but beat analysts' forecasts slightly.

IPIC Profits Gyrate Due to Low Oil Prices

Abu Dhabi's state-owned International Petroleum Investment Co (IPIC) reported on Wednesday a 37% drop in net attributable profit for 2014 as low oil prices hurt earnings.

Dana Gas Projects in Egypt Continuing Despite Oil Price Crunch

Sharjah-based Dana Gas reported lower sales and profit in the first quarter, as cost-cutting wasn’t enough to mitigate the effects of lower oil and gas prices, but senior executives see improvements ahead.

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