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Stock Option Trading Exxon Mobil Corp. (XOM.N) on Thursday said quarterly earnings before items rose, setting a record on higher energy prices, richer refining margins and increased oil and gas production.

Scottish and Southern Energy (SSE) hit customers today with their second price rise of 2006. Domestic customers will pay an extra 16.5% on average for their gas and 9.4% on average for their electricity. Davies, Energy Supply Director of SSE, "The impact of high wholesale energy prices can only be absorbed for so long and we have delayed this price increase for as long as possible."

Currency Day Trading But net profit fell 23 percent from last year, when an accounting change and asset sales produced gains of more than $2 billion. Revenue rose 6 percent at the world's largest publicly traded energy company.

The EDF Energy group, who own London Energy, Seeboard Energy and SWEB Energy, have announced the cost of their domestic gas will rise by approximately 15.9% (â60) and electricity by 10.8% (â30). The price rises will come into effect from 5th August 2005 and will be applied to both new and existing customers. The Online plans are unaffected by this price rise, and tariffs for the Capped price plans are protected until March 2007.

Financial Software Trading Worries about supply disruptions, OPEC production cuts and thin inventories have kept energy prices sky high for more than a year, generating windfalls for oil companies. Meanwhile, a rebounding global economy boosted refining, marketing and chemicals results.

The price rise will be effective from 1st April 2006 for all customers except those with the "Gas Guardian" plan. npower's online plan is also not affected by the price rise. The price rise follows a recent spate of price rises including EDF Energy, British Gas, ScottishPower and Powergen, whose prices rise in March. uSwitch.com has updated the prices for npower plans in our gas and electricity comparison and switching service.

Online Stock Trading Company ``Commodity prices remain high and refining margins are strong, so it's overall a very positive quarter,'' said Gene Pisasale, senior investment officer at Wilmington Trust. ``We expect this quarter, the next quarter, late in the year and maybe through year-end and into '05 to be positive for the group.''

The price rise will come into effect from 13th March 2006. However EDF Energy did have some good news for customers. Online plans which are offered through price comparison services such as uSwitch.com will not be affected by this price rise. Customers who are on capped or fixed products will also not be affected. EDF Energy cited in their press release that "soaring wholesale costs" had forced them to make the price rise.

Forex Day Trading Irving, Texas-based Exxon said first-quarter net income fell to $5.44 billion, or 83 cents a share, from $7.04 billion a year ago, when the company had a $550 million benefit from an accounting change and a $1.7 billion gain from selling shares of Germany's Ruhrgas AG.

British Energy¯ plant shutdowns cause spike in electricity prices but rising gas prices are the real concern

Financial In Market Excluding those items, earnings were up 14 percent, from $4.79 billion, or 71 cents a share, a year earlier. Revenue rose to $67.6 billion from $63.8 billion.

Stock Trading System On an operating basis, Exxon exceeded the average analyst estimate compiled by Reuters Research by five cents, or more than 6 percent. Its shares edged higher in morning trading.

Day Trading Stock Tip Exxon shares jumped 1.4 percent before giving back gains. They were up 10 cents at $43.22 in afternoon trade on the New York Stock Exchange, just below a two-year high set Tuesday.

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Stock Market Trading As expected, higher commodity prices juiced earnings. Benchmark U.S. oil prices rose nearly 4 percent. NYMEX gas prices and U.S. gasoline prices also soared.

Day Lesson Stock Tip Trading But Exxon surprised some analysts by boosting worldwide production by 0.8 percent, to the equivalent of 4.55 million barrels a day. Oil output rose 5 percent to its highest level since 1998, reflecting new projects in West Africa and Norway.

Financial System Trading These gains, and the start-up of a liquefied natural gas (LNG) export plant in Qatar, boosted combined oil and gas output and contributed to record upstream earnings.

Day Trading Future Meanwhile, refining and marketing earnings surged 39 percent to $1.00 billion, the segment's highest first-quarter results in 13 years, reflecting better margins and sales.

Financial Forex Market Trading Chemicals earnings nearly doubled to $564 million, the highest in a decade, driven by margins and a weaker dollar.

Online Trading Stock And ``What surprised us was the strength of chemicals and of refining and marketing outside the U.S.,'' said Sanford C. Bernstein energy analyst Neil McMahon, who had issued one of the most bullish earnings forecasts at 80 cents a share.

Day Trading Software Still, a growing number of analysts and investors say Wall Street shouldn't be so surprised by the extended energy rally.

Financial Market Science ``In the past few months analysts have been inching up their projections for commodity prices, but they were lagging the actual market,'' said Pisasale of Wilmington Trust, which recently increased its energy stock exposure to ``market weight'' relative to the S&P 500.

Stock Trading Software ``Just about every analyst didn't expect commodity prices to remain so high,'' he said.

Emini Day Trading Reuters - 4/29/2004

Topic: Petroleum Industry

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