RETRENCHMENT'S EFFECTS SLASH OGJ GROUP FIRST HALF EARNINGS

Bob Williams Associate Managing Editor-News Valerie Sanders Statistics Editor First half 1992 profits for the group of 22 large integrated U.S. petroleum companies Oil & Gas Journal tracks plummeted by almost half from a year ago. Net profits for the group fell to $5.9 billion in the first half from $10.4 billion in first half 1991. Revenues were down 5% to $210 billion year to year. More than three fourths of the profit drop came in an especially dismal first quarter that saw record lows in

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies