Industry earnings plunge from 1990 level

Journal Article · Mon Dec 02 04:00:00 EST 1991 · Oil and Gas Journal; (United States)

OSTI ID:5494333

This paper reports that earnings of U.S. oil and gas companies for the third quarter and first 9 months have fallen sharply from year ago periods, according to a sampling of 51 integrated and nonintegrated companies. Overall, earnings for the sample group fell 46% in the third quarter 1991 to $2.6 billion on revenues that slipped 8% in a comparison of the two periods. That in turn pulled the group's earnings for the 9 months down almost 14% from a year ago. That contrasts with first half earnings that were flat for the OGJ group of integrated companies and up sharply for the OGJ group of independents in a comparison with 1990's first half. companies from both groups are included in this informal sampling of earnings for the most recent reporting period.

• OSTI ID: 5494333
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:48; ISSN 0030-1388; ISSN OIGJA
• Country of Publication: United States
• Language: English

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