FinanceGates.com: Largest oil firms under investors control: “Six major oil companies are expected to answer the questions on possible political risks and emerging markets development programmes. The six oil giants include ExxonMobil, BP, Royal Dutch/Shell, ChevronTexaco and ConocoPhillips.” (ShellNews.net)

(by Ginger O'Neil)

Posted October 26, 2004 

The world’s biggest oil and gas companies are now under the supervision of the investors as their quarterly earnings are estimated to reach $20 billion.

Six major oil companies are expected to answer the questions on possible political risks and emerging markets development programmes.

The six oil giants include ExxonMobil, BP, Royal Dutch/Shell, ChevronTexaco and ConocoPhillips.

Analysts predict the companies to concentrate upon the issue of increasing pumping from such oilfields as North Sea and the Nigerian delta. "Work on these oil fields at this oil price is almost irresistible," said Andrew Gould, chairman and chief executive officer of Schlumberger.

The companies report this week generated net profits of $19.6 billion in the three months to June 30.

http://www.financegates.com/Items/Largest_oil_firms_10252004.html