24/7 Wall St.
04-29-2008, 07:50 AM
24/7 Wall St. Daily News
BP (BP) and Shell produced out-sized profits for the first quarter. BP earnings rose to $7.62 billion from $4.66 billion. Over at Shell the numbers were up to $9.08 billion from $7.28 billion. According to MarketWatch "BP sold its oil and gas for 52% more than it did in the year-earlier period, while Shell received 66% more." Fair enough. The companies took advantage of the market and the rising price of crude. Now Wall St. can prepare for numbers from the US companies, especially Exxon (XOM) and Conoco (COP). Exxon's shares are above $92, very near their 52-week high. The... http://feeds.feedburner.com/~f/typepad/RyNm?i=TVsSSG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=TVsSSG) http://feeds.feedburner.com/~f/typepad/RyNm?i=KpQXGG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=KpQXGG) http://feeds.feedburner.com/~f/typepad/RyNm?i=Gl3PEg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Gl3PEg)
complete story here... (http://www.247wallst.com/2008/04/the-spring-seas.html)
BP (BP) and Shell produced out-sized profits for the first quarter. BP earnings rose to $7.62 billion from $4.66 billion. Over at Shell the numbers were up to $9.08 billion from $7.28 billion. According to MarketWatch "BP sold its oil and gas for 52% more than it did in the year-earlier period, while Shell received 66% more." Fair enough. The companies took advantage of the market and the rising price of crude. Now Wall St. can prepare for numbers from the US companies, especially Exxon (XOM) and Conoco (COP). Exxon's shares are above $92, very near their 52-week high. The... http://feeds.feedburner.com/~f/typepad/RyNm?i=TVsSSG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=TVsSSG) http://feeds.feedburner.com/~f/typepad/RyNm?i=KpQXGG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=KpQXGG) http://feeds.feedburner.com/~f/typepad/RyNm?i=Gl3PEg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Gl3PEg)
complete story here... (http://www.247wallst.com/2008/04/the-spring-seas.html)