ExxonMobil Corp. posted a 50 percent increase in net income for its third quarter. AFP
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BP PLC gave the boldest signal yet that the worst of the downturn was over, announcing Tuesday that it would buy back shares for the first time in three years. After posting third quarter earnings that comfortably beat estimates, shares of the London based company surged to the highest since 2014, joining its closest peer Royal Dutch Shell PLC at a level not seen since the infamous OPEC meeting that triggered price collapse.Total SA reported the highest profit from pumping oil and gas in more than two years, followed by consensus-beating earnings from Chevron Corp. and ExxonMobil Corp. – with the latter posting a 50 percent jump in net income.
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