Profits | Egypt Oil & Gas - Part 4
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.
Job Cuts, Profit Losses Hit Oil Sands Industry in Canada
Suncor Energy Inc., Canada’s largest oil company, reported a first-quarter loss after crude prices plunged to the lowest since 2009.
Italy’s Eni Posts Better Than Expected Profits for First Quarter
Eni SpA first-quarter profit beat analyst estimates as improved performance at its refining and gas businesses and a lower tax rate helped Italy’s largest oil company offset lower crude prices.
Oil Prices Narrowing UAE Profit Margins for All Sectors
Mubadala, an Abu Dhabi state-owned fund with a mandate to develop the emirate's economy, on Thursday said its 2014 net profit fell 28.7% due to lower income from financial investments and impairments on oil and gas a ...
