ConocoPhillips COP reported first-quarter earnings that indicated its shift to higher-margin assets continues at a healthy pace. Specifically, production from the Eagle Ford, Bakken and Permian was 182 mboe/d in the first quarter, a 42% increase over last year. The increase in production for these plays along with increased oil sands production in Canada shifted…
Morningstar’s credit rating of BBB+ for Royal Bank of Scotland reflects the bank’s large balance of nonperforming loans but is bolstered by the recent improvements in the bank’s operating performance. Through acquisitions, Royal Bank of Scotland has become a global bank, with operations in 50 countries. RBS is primarily a business bank and is dominated…
Google Inc (NASDAQ GOOG) has recently launched a $1000 tablet prototype with 3D sensors and a motion tracking camera. 3D technology is the latest trend among the tech giants, with big firms like Google and Amazon gearing up to launch 3D-enabled devices. Google has been working for some time with universities, research labs, developers and…
In the first quarter of the year, Spain’s largest bank, Grupo Santander SAN , earned EUR 1,205 million, up significantly from the EUR 401 million it earned in the trailing quarter. Most of this increase was due to the non-recurrence of special loan loss provisions in the fourth quarter; excluding this, earnings were up 18%…
In the first quarter, BASF BAS continued to rely on its diversified product mix in what has been a challenging market environment for chemical producers. BASF’s agriculture and oil and gas businesses propped up sales in the first quarter, as revenues increased 4.8% year over year. On a geographic basis, management noted that growth in…
Google Inc (NASDAQ GOOG) released its earnings numbers for the three months through June this afternoon after the market closed on Wall Street. According to the release the company earned $6.08 per share for the three months on revenue totaling $12.7 billion. In the same three months of 2013, Google Inc (NASDAQ GOOG) earned $4.78…
