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U.S. Department of Energy
Office of Scientific and Technical Information

US energy industry financial developments, 1992 Fourth Quarter. [Contains a list of petroleum companies]

Technical Report ·
OSTI ID:6868291
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:
DOE; USDOE, Washington, DC (United States)
OSTI ID:
6868291
Report Number(s):
DOE/EIA-0543(92/4Q); ON: DE93011467
Country of Publication:
United States
Language:
English