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The crew is standing on the deck of the tanker 'Devon' while sailing towards the Kharq Island oil terminal in Iran through the Persian Gulf on March 23, 2018.
>> The oil and gas company made a fantastic profit.
The crew is standing on the deck of the tanker 'Devon' while sailing towards the Kharq Island oil terminal in Iran through the Persian Gulf on March 23, 2018.
>> The oil and gas company made a fantastic profit.
Photo: Ali Mohammadi, Bloomberg
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Exxon Mobil
3Q2010 earnings: $ 6.2 billion
Third quarter 2017 earnings: $ 4 billion
Change rate: 55% increase
Exxon Mobil
3Q2010 earnings: $ 6.2 billion
Third quarter 2017 earnings: $ 4 billion
Change rate: 55% increase
Photo: Mark Humphrey, AP
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Chevron
3Q2010 earnings: $ 4 billion
Third quarter 2017 earnings: $ 1.9 billion
Change rate: 107% increase
Chevron
3Q2010 earnings: $ 4 billion
Third quarter 2017 earnings: $ 1.9 billion
Change rate: 107% increase
Photo: Alan Diaz, AP
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EOG Resources
3Q2010 earnings: $ 1.2 billion
Third quarter 2017 earnings: $ 100 million
Change rate: 1,100% increase
EOG Resources
3Q2010 earnings: $ 1.2 billion
Third quarter 2017 earnings: $ 100 million
Change rate: 1,100% increase
Photo: Billy Smith II, Chronicle
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ConocoPhillips
3Q2010 earnings: $ 1.9 billion
Third quarter 2017 earnings: $ 420 million
Change rate: 352 percent.
ConocoPhillips
3Q2010 earnings: $ 1.9 billion
Third quarter 2017 earnings: $ 420 million
Change rate: 352 percent.
Photo: F. Carter Smith, photo photo
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Philips 66
3Q2010 earnings: $ 1.5 billion
Third quarter 2017 earnings: $ 823 million
Change rate: 82% increase
Philips 66
3Q2010 earnings: $ 1.5 billion
Third quarter 2017 earnings: $ 823 million
Change rate: 82% increase
Photo: Daniel Acker / Bloomberg
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LyondellBasell
3Q2010 earnings: $ 1.1 billion
Third quarter 2017 earnings: $ 1.1 billion
Change rate: Even
LyondellBasell
3Q2010 earnings: $ 1.1 billion
Third quarter 2017 earnings: $ 1.1 billion
Change rate: Even
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Valero
3Q2010 earnings: $ 856 million
Third quarter 2017 earnings: $ 841 million
Change rate: 2% rise
Valero
3Q2010 earnings: $ 856 million
Third quarter 2017 earnings: $ 841 million
Change rate: 2% rise
Photo: Paul Sakuma, STF / AP
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Kinder Morgan
3Q2010 earnings: $ 693 million
Third quarter 2017 earnings: $ 344 million
Change rate: 107% increase
Kinder Morgan
3Q2010 earnings: $ 693 million
Third quarter 2017 earnings: $ 344 million
Change rate: 107% increase
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Schulberger
3Q2010 earnings: $ 644 million
Third quarter 2017 earnings: $ 545 million
Change rate: 18% increase
Schulberger
3Q2010 earnings: $ 644 million
Third quarter 2017 earnings: $ 545 million
Change rate: 18% increase
Photo: Jacob Ford, Associated Press
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Harley Button
3Q2010 earnings: $ 335 million
Third quarter 2017 earnings: $ 336 million
Change rate: Up to 8%
Harley Button
3Q2010 earnings: $ 335 million
Third quarter 2017 earnings: $ 336 million
Change rate: Up to 8%
Photo: Steve Gonzalez (Houston Chronicle)
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TechnipFMC
3Q2010 earnings: $ 137 million
Third quarter 2017 earnings: $ 121 million
Change rate: 13% increase
TechnipFMC
3Q2010 earnings: $ 137 million
Third quarter 2017 earnings: $ 121 million
Change rate: 13% increase
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Baker Hughes
3Q2010 earnings: $ 13 million
Loss for the third quarter of 2017: $ 134 million
Change rate: 101% rise
Baker Hughes
3Q2010 earnings: $ 13 million
Loss for the third quarter of 2017: $ 134 million
Change rate: 101% rise
Photo: Houston Chronicle
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National Oil Well Barco
3Q2010 earnings: $ 1 million
Loss for the third quarter of 2017: $ 26 million
Change rate: 101% rise
National Oil Well Barco
3Q2010 earnings: $ 1 million
Loss for the third quarter of 2017: $ 26 million
Change rate: 101% rise
Photo: Katherine Pescher, Houston Chronicle
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Weatherford
Loss for the third quarter of 2018: $ 199,000,000
Loss for the third quarter of 2017: $ 256 million
Change rate: 22% increase
Weatherford
Loss for the third quarter of 2018: $ 199,000,000
Loss for the third quarter of 2017: $ 256 million
Change rate: 22% increase
Photo: Eddie Seal, Bloomberg
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Trans ocean
Loss for the third quarter of 2018: $ 499 million
Loss for the third quarter of 2017: $ 1.4 billion
Change rate: Up to 242%
Trans ocean
Loss for the third quarter of 2018: $ 499 million
Loss for the third quarter of 2017: $ 1.4 billion
Change rate: Up to 242%
Photo: TransOcean
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Photo: Ali Mohammadi, Bloomberg
The crew is standing on the deck of the tanker 'Devon' while sailing towards the Kharq Island oil terminal in Iran through the Persian Gulf on March 23, 2018.
>> The oil and gas company made a fantastic profit.
The crew is standing on the deck of the tanker 'Devon' while sailing towards the Kharq Island oil terminal in Iran through the Persian Gulf on March 23, 2018.
>> The oil and gas company made a fantastic profit.
Photo: Ali Mohammadi, Bloomberg
Oil prices fell to seven months as global supply anxiety eased
Oil, which fell to its lowest level in seven months due to concern, eased US sanctions on Iran to pressure global supplies.
The George Bush administration settled in New York earlier as US sanctions against the three OPEC producers officially began. The Trump administration allowed exemptions for China and seven other major buyers, allowing it to continue purchasing some of its crude oil. On the other hand, the increase in domestic inventories has alleviated concerns over the tightening of global supply.
"The reality of the abandonment will be the amount of oil that remains in the market, but the market will miss," said John Kilduff, a partner at the NYSE hedge fund, again Capital LLC. .
Iran's oil speculation game. And the bears are winning.
While other producers of the Organization of Petroleum Exporting Countries (OPEC) have pledged to offset the supply gap, the US has peaked for the past four years as speculation has been made to lower gasoline prices ahead of midterm elections. Meanwhile, the trade war between the world 's two largest economies has raised concerns that President Donald Trump wants to make an agreement with China, but fuel demand is likely to decline.
Crude oil reserves in the core pipeline hub of Cushing, Oklahoma, were estimated to have increased 2.1 million barrels last week, Bloomberg reported.
On the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for December delivery fell 4 cents to close at $ 63.10 a barrel. The gift fell 6.6 percent last week. Total trading volume on Monday was 10% lower than the 100 day average.
early: Iran sanctions It caused the biggest oil collapse in a few years.
Brent futures for January settlement received 34 cents at 73 cents on the London-based ICE Futures Europe exchange. World benchmark crude oil traded at a WTI premium of $ 9.96 in the same month.
US Secretary of State Mike Pompeo said the waiver could temporarily buy Iranian oil. Iran could change its behavior or see an economic collapse, he said.
© 2018 Bloomberg L.P.