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Occidental's profit nearly triples; BP's more than doubles

Occidental's profit nearly triples; BP’s more than doubles --Exxon Mobil and Royal Dutch Shell also report higher first-quarter earnings than in 2009. British Petroleum's earnings report draws ire as the Gulf of Mexico oil spill grows. 30 Apr 2010 Higher crude prices are again pumping up profits of major oil companies worldwide. Occidental Petroleum Corp. nearly tripled its net income compared with a year earlier, with $1.1 billion, or $1.32 a share, in the first quarter of 2010, the Westwood company said Thursday. The announcement came during a week in which most of the giants of oil and gas reported sharp increases in quarterly earnings... But it was London-based BP, with quarterly profits that rose to $6.1 billion from $2.6 billion a year earlier, that was the lightning rod for ire over huge earnings in the midst of a deadly and growing disaster.