1
 Exxon Corp. said 
5001
attribution

2
its third-quarter earnings slipped 9% 
5001
span

3
as profits from two of its three major businesses sagged.
2
explanation-argumentative

4
 All cleanup costs from last spring's Alaskan oil spill were reflected in earlier results,
5003
span

5
 it said.
4
attribution

6
 Phillips Petroleum Co. and Atlantic Richfield Co. also reported declines in quarterly profit,
5005
List

7
 while Ashland Oil Inc. posted a loss for the latest quarter.
5005
List

8
 Amerada Hess Corp. and Occidental Petroleum Corp. reported higher earnings.
5005
List

9
 Exxon 
5034
TextualOrganization
SectionTitle
10
 Although Exxon spent heavily during the latest quarter 
5099
span

11
to clean up the Alaskan shoreline
5008
span

12
 blackened by its huge oil spill,
11
elaboration-object-attribute-e

13
 those expenses as well as the cost of a continuing spill-related program are covered by $880 million in charges
5006
span

14
 taken during the first half.
13
elaboration-object-attribute-e

15
 An Exxon official said 
5012
attribution

16
that at this time the oil company doesn't anticipate any additional charges to future earnings
5012
span

17
 relating to the cleanup of oil
5011
span

18
 spilled 
5010
span

19
when one of its tankers rammed into an underwater reef.
18
result

20
 She added, however,
5017
attribution

21
 that charges
5016
span

22
 already taken
21
elaboration-object-attribute-e

23
 don't take into account the potential effect of litigation
5015
span

24
 involving the oil spill.
23
elaboration-object-attribute-e

25
 She said
26
attribution

26
 that impact can't be reasonably assessed yet.
5019
span

27
 Exxon's net income during the third quarter dropped to $1.11 billion, or 87 cents a share, from $1.22 billion, or 93 cents a share, a year earlier.
5022
List

28
 Revenue rose 8.1%, to $23.65 billion from $21.88 billion.
5022
List

29
 During the third quarter, Exxon purchased 8.34 million shares of its stock at a cost of $373 million.
5022
List

30
 Exxon's profitability, like that of many other oil companies, was hurt during the third quarter by declining returns from the chemicals and refining and marketing businesses.
5026
span

31
 Exxon's earnings from chemicals operations fell $90 million, to $254 million,
5023
List

32
 while refining and marketing profits declined $180 million, to $357 million.
5023
List

33
 Although crude oil prices were significantly higher this year,
5027
antithesis

34
 they weren't strong enough 
35
consequence-n

35
to offset the declining profits in those business sectors at most oil companies,
5027
span

36
 said William Randol, oil analyst for First Boston Corp.
5028
attribution

37
 He estimates
38
attribution

38
 that the price of West Texas Intermediate, the U.S. benchmark crude, was $4.04 a barrel higher during the third quarter of this year than in the same period last year.
5030
span

39
 Ashland Oil
5050
TextualOrganization
SectionTitle
40
 A rash of one-time charges left Ashland Oil with a loss of $39 million for its fiscal fourth quarter.
5048
span

41
 A year earlier, the refiner earned $66 million, or $1.19 a share.
5047
List

42
 Quarterly revenue rose 4.5%, to $2.3 billion from $2.2 billion.
5047
List

43
 For the year, net income tumbled 61% to $86 million, or $1.55 a share.
5047
List

44
 The Ashland, Ky., oil company reported a $38 million charge 
5038
span

45
resulting from settlement of a 10-year dispute with the National Iranian Oil Co. over claims
5039
span

46
 that Ashland didn't pay for Iranian crude
5037
span

47
 it had received.
46
elaboration-object-attribute-e

48
 In September, Ashland settled the long-simmering dispute 
5040
span

49
by agreeing to pay Iran $325 million.
48
means

50
 Ashland also took a $25 million after-tax charge
5044
span

51
 to cover anticipated costs
5043
span

52
 to correct problems with boilers
5042
span

53
 built by one of its subsidiaries.
52
elaboration-object-attribute-e

54
 The oil refiner also booked a $15 million charge 
5046
span

55
for selling Ashland Technology Corp., one of its subsidiaries, at a loss.
54
reason

56
 Amerada Hess
5063
TextualOrganization
SectionTitle
57
 Third-quarter earnings at Amerada Hess more than tripled to $51.81 million, or 64 cents a share, from $15.7 million, or 20 cents a share, a year earlier.
5056
span

58
 Revenue climbed 28%, to $1.18 billion from $925 million.
57
elaboration-additional

59
 Profits improved across Hess's businesses.
5052
span

60
 Refining and marketing earnings climbed to $33.3 million from $12.9 million,
5051
List

61
 and exploration and production earnings rose to $37.1 million from $17.9 million.
5051
List

62
 Hess's earnings were up despite a $30 million charge
5054
span

63
 to cover the cost
5053
span

64
 of maintaining operations
5055
span

65
 after Hurricane Hugo heavily damaged the company's refinery at St. Croix.
64
circumstance

66
 It is widely known within industry circles
5059
attribution

67
 that Hess had to buy oil products in the high-priced spot markets 
5059
span

68
to continue supplying its customers.
67
purpose

69
 Hess declined to comment.
5060
elaboration-additional

70
 Phillips Petroleum
5072
TextualOrganization
SectionTitle
71
 Phillips Petroleum's third-quarter earnings slid 60%, to $87 million, or 36 cents a share, from $215 million, or 89 cents a share.
5065
span

72
 Revenue rose 6.9%, to $3.1 billion from $2.9 billion.
71
elaboration-additional

73
 Shrinking profit margins in chemical and refining and marketing sectors accounted for most of the decline,
5064
span

74
 said Chairman C.J. Silas in a statement.
73
attribution

75
 Despite higher oil prices,
5068
concession

76
 exploration and production profits were off
5068
span

77
 because of foreign-currency losses and some construction costs 
5067
span

78
incurred in one of Phillips' North Sea oil fields.
77
elaboration-object-attribute-e

79
 A year ago, results were buoyed by a $20 million after-tax gain from an asset sale.
5066
comparison

80
 Occidental Petroleum 
5084
TextualOrganization
SectionTitle
81
 Occidental Petroleum's third-quarter net income rose 2.9% to $108 million, or 39 cents a share, from $105 million, or 38 cents a share, a year earlier.
5073
span

82
 The latest quarter included an after-tax gain of $71 million from non-recurring items.
81
elaboration-additional

83
 Sales dropped 2%, to $4.8 billion from $4.9 billion.
5073
elaboration-additional

84
 The latest period included a $54 million gain from the sale of various oil and gas properties, a $22 million charge from the restructuring of Occidental's domestic oil and gas operations, and tax credits of $42 million.
5077
List

85
 Both periods included non-recurring charges of $3 million for early retirement of debt.
5077
elaboration-additional

86
 Occidental said 
87
attribution

87
oil and gas earnings fell to $17 million from $20 million.
5075
span

88
 The latest period includes net gains of $32 million in non-recurring credits from the sale of properties,
5079
span

89
 indicating operating losses for the quarter in the oil and gas division.
88
elaboration-object-attribute-e

90
 Chemical earnings fell 10%,
5082
span

91
 reflecting softening of demand.
90
elaboration-object-attribute-e

92
 Atlantic Richfield
5095
TextualOrganization
SectionTitle
93
 Citing its reduced ownership in the Lyondell Petrochemical Co.,
5085
circumstance

94
 Atlantic Richfield reported 
95
attribution

95
that net income slid 3.1% in the third quarter to $379 million, or $2.19 a share, from $391 million, or $2.17 a share, for the comparable period last year.
5085
span

96
 Sales fell 20%, to $3.7 billion from $4.6 billion.
5086
elaboration-additional

97
 Arco's earnings from its 49.9% stake in Lyondell fell to $37 million from $156 million for the same period last year,
5087
span

98
 when Lyondell was wholly owned.
97
elaboration-object-attribute-e

99
 Offsetting the lower stake in Lyondell were higher crude oil prices, increased natural gas volumes and higher coke prices,
5088
span

100
 the company said.
99
attribution

101
 Coal earnings rose to $26 million from $21 million.
5090
elaboration-additional

102
 For the nine months, Arco reported net income of $1.6 billion, or $8.87 a share, up 33% from $1.2 billion, or $6.56 a share a year earlier.
5093
span

103
 Sales were $12 billion, off 13% from $13.8 billion.
102
elaboration-additional

104
 Jeff Rowe contributed to this article.
5098
TextualOrganization
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5050
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evidence

5052
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5056
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