Higher production increased refining profits and inflated oil prices surged up the Exxon Mobil Corp.'s first quarter earnings by 69%.

The first quarter earnings of Exelon Corp.’s (EXC), the best nuclear power operator in the US, have decreased by 11%, while they were growing rapidly in last year.

The first quarter earnings of world's largest publicly traded oil company, Exxon Mobil Corp. rose by 69% and the production of the company also jumped.

The shares of Europe’s biggest oil company, Royal Dutch Shell rose by 0.5% after a rise in the first quarter profit of the company.

As told by one of the sources, Exelon, Chicago, which is known as the Illinois-based power company, is ready to announce a deal.

The gas and oil industry in the North Sea has been turned down in an attempt to change the plans of the government to add an extra £2 billion per tax year to that sector of the economy.

The Crude Oil rose on Wednesday, which was the second day on improving position for global demand.

Slowly but surely deep water oil drilling is coming back to the Gulf of Mexico. One year ago, BP’s Macondo blew up and took 11 lives and led to a ban of deep water drilling in the area.