Net income for these companies increased 4-fold over that of the fourth quarter 2008 (Q408).
Higher crude oil prices and increased production of oil and natural gas contributed to higher profits.
Net income for the oil and natural gas production business segment was substantially higher, rising $15 billion from Q408. The refining and marketing business segment, however, lost $2 billion in the fourth quarter 2009.
The News is available at EIA linked here
Haase - Good sign of recovery in some critical sectors
