Total earnings rose, revenues fell in 1993 for OGJ300 companies

Journal Article · Mon Sep 05 04:00:00 EDT 1994 · Oil and Gas Journal; (United States)

OSTI ID:6947725

Beck, R J; Bell, L

Total earnings improved in 1993 for Oil and Gas Journal's list of the largest publicly traded oil and gas producing companies in the US. The gain in group net income came largely on the strength of increases posted by large integrated companies. It followed significant declines the preceding 2 years, when companies took large charges associated with restoring and accounting changes. Prices for crude oil and petroleum products were lower than they had been in 1992, which reduced total revenues. Partly offsetting these trends were higher natural gas prices, consumption, and production and increased consumption of petroleum products. Total assets for the group fell fractionally for the third consecutive year in 1993, a reflection of continued industry restructuring. The paper discusses the climb in earnings, rises in spending, upstream activity, worldwide activity, financial results, group operations, group changes, the top 20 companies, and the fastest growing companies.

• OSTI ID: 6947725
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 92:36; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
COMPILED DATA
DATA
DEVELOPED COUNTRIES
DRILLING
ECONOMICS
ENERGY CONSUMPTION
FINANCIAL DATA
FUEL CONSUMPTION
INCOME
INDUSTRY
INFORMATION
INVESTMENT
NATURAL GAS INDUSTRY
NORTH AMERICA
NUMERICAL DATA
PETROLEUM INDUSTRY
PRODUCTION
PROFITS
RESERVES
RESOURCES
USA
WELL DRILLING