Earnings set records in second quarter of 2005

Growth in commodity prices propelled a sample of US oil and gas producers to healthy earnings gains in the second quarter and first half of 2005. Many firms in the group reported record-high second-quarter results..Click here to view 2nd Quarter Revenues, Earnings in PDF.With worldwide oil demand strong and prices of oil, gas, and products robust, oil and gas producers and refiners reaped much stronger financial results in the second quarter than they did a year earlier. A sample of service and supply companies with headquarters in the US posted even stronger results.Meanwhile, a group of companies based in Canada recorded improved net income for the quarter, but their collective first-ha...

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