PROFITS ADVANCE FOR MOST COMPANIES IN OGJ GROUP OF LARGE U.S. OPERATORS

Robert J. Beck Economics Editor Joan Bonfield Biggs Statistics Editor Oil & Gas Journal's group of 22 large U.S. oil and gas companies posted a sharp increase in revenue and profits in 1990 while boosting drilling activity. Net profits for the group moved up 14.8% to $21.5 billion. The group's 1989 profits were down 12.2% from the year before. Seventeen companies in the group listed higher earnings in 1990, while five showed a reduction. Only one, Occidental Petroleum Corp., had a

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