OGJ GROUP WEATHERED TOUGH TIMES UPSTREAM AND DOWNSTREAM IN 1991

Joan Bonfield Biggs Statistics Editor Robin Buckner Price Staff Writer With an upstream sector hit by low oil and gas prices and downstream operations squeezed by weak petroleum demand, 1991 was a tough year for the group of 22 major integrated U.S. companies Oil & Gas Journal tracks. The brief respite caused by the oil price spike in second half 1990 ended abruptly early in first half 1991, and it turned into a year of buckling down for most companies. They shed non-core assets, implemented