US energy industry financial developments, 1992 third quarter

Technical Report · Tue Dec 01 04:00:00 EST 1992

OSTI ID:10114134

Net income for 91 petroleum companies--including 19 majors--rose 10 percent between the third quarter of 1991 and the third quarter of 1992. Due to sharply higher natural gas prices, the financial performance of domestic oil and gas production operations showed a marked improvement during the third quarter of 1992 over the year-ago period. A slight improvement in crude oil prices also helped third quarter earnings. Downstream earnings were lower, however, as refined product prices failed to keep pace with rising crude oil and natural gas prices, thereby squeezing margins. As of the third quarter of 1992, higher crude oil and natural gas prices had failed to materialize in an improvement in the financial performance of drilling companies, who reported an 18-percent decline in net income. The 128 rate-regulated utilities posted mixed results in the third quarter of 1992, as unseasonably cooler temperatures increased the demand for natural gas at the same time reducing electricity usage.

• Research Organization: USDOE Energy Information Administration, Washington, DC (United States). Office of Energy Markets and End Use
• Sponsoring Organization: USDOE, Washington, DC (United States)
• OSTI ID: 10114134
• Report Number(s): DOE/EIA--0543(92/3Q); ON: DE93005294; NC: NONE
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
015000
02 PETROLEUM
020700
03 NATURAL GAS
030600
29 ENERGY PLANNING, POLICY, AND ECONOMY
294000
COAL INDUSTRY
DATA ANALYSIS
ECONOMIC ANALYSIS
ECONOMIC, INDUSTRIAL, AND BUSINESS ASPECTS
ELECTRIC UTILITIES
ENERGY SOURCES
EXPENDITURES
FINANCIAL DATA
FOSSIL FUELS
INCOME
MARKETING
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PRICES
PRICING REGULATIONS
PROGRESS REPORT