Canadian firms report reduced first quarter financial results

05/24/2004
Marilyn Radler, Economics EditorLaura Bell, Statistics EditorA stronger Canadian dollar relative to the US dollar appears to have suppressed the first quarter earnings of most of the companies based in Canada that OGJ sampled. While production volumes may have been higher, realizations declined.Collectively, the 17 Canadian producers, transporters, and service and supply companies in the group earned 27% less during the first 3 months, against 2% lower revenues, as compared with the same 2003 period. Click here to enlarge imageAll results are reported in Canadian dollars, and all companies profiled here are based in Calgary.IntegratedPetro-Canada reported net income of $513 million for t...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected