US energy industry financial developments, 1992 Fourth Quarter

Technical Report · Wed Apr 07 04:00:00 EDT 1993

OSTI ID:10144380

Net income for 83 petroleum companies--including 20 majors--rose 56 percent between the fourth quarter of 1991 and the fourth quarter of 1992. The improvement in the petroleum industries` upstream earnings performance was largely due to sharply higher domestic natural gas prices. Downstream, the major petroleum companies reported an increase in income for their domestic refining/marketing operations as an improving domestic economy led to a sizable 2.4-percent increase in refined-product supplied. Mixed results were reported by independent refiners, but on balance they registered lower earnings during the fourth quarter. During the fourth quarter of 1992, reductions in operating expense, made an important contribution to the overall improvement in US petroleum companies` earnings. For rate-regulated natural gas and electric utilities, income rose between the fourth quarter of 1991 and the fourth quarter of 1992 due to an increase in economic activity and relatively cooler winter temperatures.

• 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: 10144380
• Report Number(s): DOE/EIA--0543(92/4Q); ON: DE93011467; NC: NONE
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
015000
02 PETROLEUM
020700
03 NATURAL GAS
030600
04 OIL SHALES AND TAR SANDS
040700
29 ENERGY PLANNING, POLICY, AND ECONOMY
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296000
COAL INDUSTRY
COMPILED DATA
ECONOMIC ANALYSIS
ECONOMIC, INDUSTRIAL, AND BUSINESS ASPECTS
ELECTRIC POWER
ELECTRIC POWER INDUSTRY
ELECTRIC UTILITIES
ENERGY SOURCES
EXPENDITURES
FINANCIAL DATA
FOSSIL FUELS
HEALTH AND SAFETY
INCOME
MARKET
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PETROLEUM REFINERIES
PRICES
PRICING REGULATIONS
PROGRESS REPORT
REFINING