US energy industry financial developments, 1993 first quarter

Technical Report · Fri Jun 25 00:00:00 EDT 1993

DOI:https://doi.org/10.2172/10171757· OSTI ID:10171757

Net income for 259 energy companies-- including, 20 major US petroleum companies-- rose 38 percent between the first quarter of 1992 and the first quarter of 1993. An increased level of economic activity, along with colder weather, helped lift the demand for natural gas. crude oil, coal, and electricity. The sharp rise in the domestic price of natural gas at the wellhead relative to the year-ago quarter was the most significant development in US energy during the first quarter. As a consequence of higher natural gas prices, the upstream segment of the petroleum industry reported large gains in income, while downstream income rose due to higher refined product demand. Increased economic activity and higher weather-related natural gas demand also led to improvements in income for the rate-regulated energy segment. However, declining domestic oil production continued to restrain upstream petroleum industry earnings growth, despite a moderate rise in crude oil prices.

• Research Organization: US Department of Energy (USDOE), Washington DC (United States). Energy Information Administration, Office of Energy Markets and End Use
• Sponsoring Organization: USDOE, Washington, DC (United States)
• OSTI ID: 10171757
• Report Number(s): DOE/EIA-0543(93/1Q); ON: DE93017108; NC: NONE
• Resource Relation: Other Information: PBD: 25 Jun 1993
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
03 NATURAL GAS
01 COAL, LIGNITE, AND PEAT
PETROLEUM INDUSTRY
ECONOMIC ANALYSIS
ENERGY SOURCES
FINANCIAL DATA
NATURAL GAS INDUSTRY
COAL INDUSTRY
INCOME
EXPENDITURES
PROGRESS REPORT
DATA ANALYSIS
MARKETING
PRICES
FOSSIL FUELS
PRICING REGULATIONS
ELECTRIC UTILITIES
REFINING
294000
020700
030600
015000
ECONOMIC, INDUSTRIAL, AND BUSINESS ASPECTS