LACK OF ACCOUNTING CHANGE BUOYS EARNINGS FOR OGJ GROUP

Robert J. Beck Economics Editor Valerie Sanders Statistics Editor First half earnings for Oil & Gas Journal's group of 22 large U.S. oil companies rocketed from a year ago. Earnings for the group totaled $8.3 billion, compared with a puny $1.2 billion for the same period in 1992. The big advance stemmed largely from one time charges that shrank earnings in first quarter 1992.

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