Articles Tagged "soars"

Occidental’s profit soars 70%

Occidental Petroleum Corp., riding record-high crude-oil prices and slightly higher production, announced  a 70% increase in its Q3 results. Ray Irani, chairman and chief executive officer, Occidental Petroleum Corp., said: As we look forward, we believe our disciplined approach to fiscal management has positioned the company to continue to succeed in the current economic climate. For [...]

Demand for natural gas in Peru soars

Demand for natural gas in Peru is rising as motorists are using natural gas as a substitute to gasoline because of rising crude prices. For full story, click here