Oil company earnings surged during 3Q 1999

02/21/2000
Click here to view A lookat 9 months, third quarter financial resultsThis survey is in PDF format and will open in a new windowRising crude oil and natural gas prices in 1999 led to significantly higher third quarter profits for a sampling of US and Canadian oil and gas companies, compared with their earnings in third quarter 1998. These companies had seen their revenues dive in the earlier period, as prices headed toward a low at yearend 1998.Demand for petroleum increased in 1999, due in part to higher demand in countries in Asia and elsewhere that saw their depressed economies begin to recover.ResultsFor the first 9 months of 1999, revenues were up for a group of 104 companies, but pr...
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