Exxon Mobil reported quarterly earnings of $10.3 billion on Thursday, a surge of 41% from a year earlier.
Oil prices rebounded Friday on supply concern following strikes at French refineries, and after a report showed a dip in U.S. inflation.
Oil prices rose Friday as the possibility of an oil workers' strike in the United States weighed on investors.
Oil giants Chevron Corp. and Total SA wrapped up a string of gargantuan, record-breaking earnings reports, a stretch in which six of the major international oil companies topped $50 billion in combined profit for the first time
Iraq's oil minister Monday opened international bidding on six oil fields that could increase the country's oil production by 1.5 million barrels per day.
In the last week of trading, shares of French drugmaker Sanofi-Aventis have jumped 5.5% on rumors that U.S. pharma giant Pfizer is pondering the purchase of a significant share of its business. There are two hypothetical scenarios now circulating the markets. One of them makes sense for Pfizer. The other? Not so much.
Firefighters have extinguished the last three tank fires at an oil depot inferno that has spewed a huge plume of black smoke across southern England and into France.
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