OGJ150 earnings down as US production climbs

Conglin Xu Senior Editor-Economics Laura Bell Statistics Editor The dramatic slide of US natural gas and natural gas liquids prices, large differential between West Texas Intermediate and Brent prices, weak energy demand growth, and increased capital and operating costs in 2012 are reflected in the financial results posted by the companies on the OGJ150 group. The combined net income for the group decreased 20% to a total of $91.1 billion in 2012. In last year's report, OGJ150 earnings for 2011 totaled $114.5 billion, up 26% from 2010. Total OGJ150 revenues in 2012 slipped 1.4% to $1,024.7 billion from $1,039.2 billion in 2011. Revenues for the group was $1,043.4 billion in 2010. Assets f...

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