Oil prices boost OGJ100 firms' 2011 earnings

Marilyn Radler Senior Editor-Economics Leena Koottungal Survey Editor/News Writer The world's largest oil and gas producers reported improved financial results in 2011 from a year earlier, according to Oil & Gas Journal's annual survey of the 100 leading companies based outside the US. Stronger oil prices than those in 2010 bolstered the earnings of most of the companies featured in the report. The OGJ100 list of companies allows for comparison of the size and results of the entities for which financial results and production and reserves data are available. For many of the national oil companies in the report, no such information on assets, revenues, earnings, or capital expenditures...

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