Oil companies make billions in profit from the increase in oil prices

"Exxon Mobil smashed its own record for quarterly profits yesterday, ringing up $14.83 billion in net income thanks to soaring summertime crude oil prices. But with crude oil prices now less than half their July peak and the economic outlook bleak, the record may stand for a...

IATA wins $50 million contract to lease three choppers

Jakarta (ANTARA News) - Publicly-listed PT Indonesia Air Transport Tbk (IATA) has won a US$50 million contract for the leasing of three helicopters to the West Natuna Consortium consisting of Conoco Philips, Premier Oil and Star Energy for five years. The contract was signed...

Conoco and Exxon resist Venezuelan takeover

Negotiations between the Venezuelan government and two oil companies -ConocoPhillips and Exxon- failed. They were discussing the terms of an operation reduction in Venezuela's oil-rich Orinoco belt and a smooth...

My Pumpkin Is Bigger Than Yours

There's only one place in the world where you can get high off of gas fumes while enjoying the Halloween festivities. The good folk at ConocoPhillips are opening up their doors to the whole family. Read more...

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