Smaller OGJ200 group reports earnings gains, higher outlays

Increases in capital spending and commodity prices yielded sharp 2005 earnings gains for the OGJ200 group of companies, while the number of firms qualifying for the group declined.With 138 firms, this year’s compilation contains the fewest number of companies since this special report began in 1983, when the group was limited to the 400 largest US companies.The companies in the OGJ200 group of publicly traded, US-based oil and gas producers reported a collective 53% surge in earnings during 2005, and capital spending increased 34%.ChangesThe OGJ200 list again has shrunk because of consolidation. Although there are five new companies in the group, the number of firms is down from 142...

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