US Energy Industry Financial Developments. 1992 Second quarter

Technical Report · Tue Sep 01 04:00:00 EDT 1992

OSTI ID:10182653

In the second quarter of 1992, the financial performance of the US petroleum industry continued to deteriorate, as weakening domestic economic growth slowed the demand for refined petroleum products. Net income for 119 petroleum companies--including 19 major oil and gas producers--declined 2 percent between the second quarter of 1991 and the second quarter of 1992, and was down 35 percent for the first 6 months of 1992. Unless otherwise stated, all quarterly comparisons relate to the second quarter of 1992 versus the second quarter of 1991. Weak margins reduce downstream earnings; higher prices increase oil and gas production earnings; industry downsizing improves financial results; oil and gas drilling remains depressed; cool spring helps gas companies but disappoints electric utilities.

• 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: 10182653
• Report Number(s): DOE/EIA--0543(92/2Q); ON: DE92041309; 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
COMPILED DATA
ECONOMIC, INDUSTRIAL, AND BUSINESS ASPECTS
ELECTRIC UTILITIES
ENERGY SOURCES
EXPENDITURES
FINANCIAL DATA
FOSSIL FUELS
INCOME
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PRICES