Oil companies post record profits in third quarter — There’s no doubt 2008 has been a gusher year for oil companies. Here’s how some of the biggest players stacked up in the third quarter:
- ExxonMobil — Profit: $14,830,000,000. Last year: $9,410. Percent change: + 58.
- Royal Dutch Shell — Profit: $10,903,000,000. Last year: $6,329,000,000. Percent change: + 71.
- British Petroleum — Profit $10,029,000,000. Last year: $4,043,000,000. Percent change: + 148.
- Chevron — Profit: $7,893,000,000. Last year: $3,431,000,000. Percent change: +80.
- ConocoPhillips — Profit: $5,188,000,000: Last year: $3,673,000,000. Percent change: + 41.
- Occidental Petroleum – Profit: $2,271,000,000. Last year: $1,324,000,000. Percent change: + 71.
- Marathon Oil — Profit: $2,064,000,000. Last year: $1,021, 000,000. Percent change: +102
Shell names Voser CEO – Longtime Royal Dutch Shell finance man Peter Voser has been named by the company as its new CEO. Voser first joined Shell in 1982 and worked in a number of financial capacities until 2002 when he joined the power and automation multinational, Asea Brown Boveri, as CFO. He returned to Shell in 2004. A Swiss citizen, Voser was born in Baden, Switzerland and has a degree in business administration from the University of Applied Sciences in Zurich. [Source: Shell]
BP nixes Goldwind wind project — British Petroleum Alternative Energy has pulled out of a partnership with a subsidiary of Chinese wind turbine maker, Goldwind Science & Technology. The oil giant had originally planned to jointly develop three wind farms in Inner Mongolia generating almost 50 megawatts of power. BP has not yet offered a rationale for the move. [Source: Energy Current]
Blue Square Energy looking to raise $25 million — Have a spare 25 million clams lying around? Blue Square would like you to give them a call. Blue Square manufactures cheap, efficient solar cells based on what’s called “upgraded metallurgical-grade” silicon, which the company says cost 30 percent less than traditional silicon. [Source: Earth2Tech]
