Robert J. Beck Economics Editor Joan Bonfield Biggs Statistics Editor Total earnings sagged in fiscal 1989 for the OGJ400 group of U.S. public oil and gas companies. Net income for the group dipped 8.6% to $20.34 billion from $22.27 billion in 1988. Net income had moved up sharply the previous 2 years--80.2% in 1987 and 137.6% in 1988 after plummeting in 1986. The group's total assets increased 0.3% to $469.8 billion. But the growth was concentrated. Assets of the 20 largest companies increased $12 billion, those of the entire group only $1.3 billion. The 1989 earnings slump was mainly due to e...

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