Third quarter results of US producers, service firms surge

The third quarter financial results of integrated and independent oil companies, as well as of service and supply companies, showed healthy gains from year-earlier results. Revenues and net income for each group of companies moved up for both the quarter and the first 9 months of the year.Click here to view Third Quarter Revenues, Earnings.Much-improved performance in both the upstream and downstream sectors boosted the third quarter earnings of the integrated oil companies, while the independent operators benefited from higher production volumes and prices.Collectively, the companies in the sample of US oil and gas operators reported a more than sevenfold increase in earnings for the thi...

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