Operating, financial results for OGJ200 recover in 1999

Click here to enlarge imageFinancial and operating results for 1999 of companies on the OGJ200 list of publicly traded oil and gas producing companies in the US mostly reflected improvement over a dismal 1998.About two-thirds of the 200 companies made a profit in 1999, up from only one third in 1998. Return on stockholder equity was more than 5 times better than 1998's record low.The list of fastest-growing companies sprang back to life in 1999 after almost drying up the previous year.With crude oil demand surging and production unable to keep pace, many companies rode the wave of higher prices. Combined net income for the 200 companies of $22.3 billion was six times that of 1998. I...

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