Earnings plummet for 1998's first 9 months

Robert J. Beck Associate Managing Editor-Economics Laura Bell Statistics Editor A Look at 9 Months, Third Quarter Financial Results [415,933 bytes] A Look at 9 Months, Third Quarter Financial Results pg. 2 [394,685 bytes] Significantly lower oil prices for the first 9 months of 1998 resulted in a sharp decline in profits for a sampling of U.S. and Canadian oil and gas companies Oil & Gas Journal has surveyed. A drop in natural gas prices for the period, compared with the same period in 1997, also contributed to the decline in earnings. There was a small increase in world and U.S. demand for petroleum, but that did no...

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