US Energy Industry Financial Developments. [1992 Second Quarter]

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

OSTI ID:7042780

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: DOE; USDOE, Washington, DC (United States)
• OSTI ID: 7042780
• Report Number(s): DOE/EIA-0543(92/2Q); ON: DE92041309
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
015000 -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294000* -- Energy Planning & Policy-- Fossil Fuels
COAL INDUSTRY
COMPILED DATA
DATA
ELECTRIC UTILITIES
ENERGY SOURCES
EXPENDITURES
FINANCIAL DATA
FOSSIL FUELS
FUELS
INCOME
INDUSTRY
INFORMATION
NATURAL GAS INDUSTRY
NUMERICAL DATA
PETROLEUM INDUSTRY
PRICES
PUBLIC UTILITIES