Consolidation shrinks list of U.S. companies
Mergers, acquisitions, and other forms of consolidation have again shrunk the Oil and Gas Journal list of publicly traded oil and gas producers in the US. The annual, assets-ranked compilation of companies, which began as the OGJ400 and became the OGJ300 in 1991, is now the OGJ200. Although the list has shrunk, the total of assets that it represents has held steady. And many of the asset changes reflect reevaluations and sales of properties unrelated to oil and gas production. As always, data for this year`s list reflect the prior year`s operations. Assets for the OGJ200 group totaled $480.8 billion for 1995, compared with $483.4 billion in 1994 for last year`s OGJ300, which included 281 companies. The 1993 assets total for 1994`s OGJ300 was $471.7 billion. Assets in 1994 for just the 200 companies that appear in this year`s list totaled $483.2 billion. Total stockholders` equity of companies represented by this year`s OGJ200 increased 1.9% from a year earlier to $174.4 billion. Comparisons of yearly totals must take into account the company changes that occur from list to list. In any given year the OGJ list represents a significant part of the US oil and gas industry and therefore accurately reflects overall industry activity and financial performance. In this report, except where specified otherwise, comparisons between 1995 and 1994 data will be for just the companies on this year`s list. The OGJ200 ranks companies by assets without regard to whether they use the full cost or successful efforts method of accounting.
- OSTI ID:
- 376097
- Journal Information:
- Oil and Gas Journal, Vol. 94, Issue 36; Other Information: PBD: 2 Sep 1996
- Country of Publication:
- United States
- Language:
- English
Similar Records
OGJ300 population shrinks, but assets total grows
OGJ200 scores solid financial, operating gains