INTERNATIONAL, REFINING RESULTS LEAD U.S. FIRMS' 1ST QUARTER PROFITS RISE

First quarter profits jumped sharply for an OGJ sampling of U.S. oil and gas companies. Total profits of the companies sampled rose 37% in first quarter 1991 to $6.277 billion from $4.597 billion in first quarter 1990. Exxon Corp.'s profit accounted for almost $1 billion to the increase. Total revenues for the group increased 11%. Registering the strongest performance among oil company sectors were refining and non-U.S. operations. Upstream operations, notably in the U.S., suffered from

May 6th, 1991
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