OGJ200 earnings up as list shrinks again

Although it contains a record-low number of companies, this year’s OGJ200, covering financial and operational results for 2004, reflects record-high earnings. Click here to view the OGJ 200 in PDF.For companies on the current list of publicly traded, US-based oil and gas producers, earnings in 2004 were up 46% from a year earlier. In nominal dollars, the revenue total was the highest since Oil & Gas Journal began compiling the assets-ranked group of companies, the first of which appeared as the OGJ400 in 1983.The current OGJ200 posted a total of $757 billion in revenue last year, breaking past a high of $666 billion by the OGJ400 of 1983. This year’s group consists of on...

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