INDUSTRY EARNINGS PLUNGE FROM 1990 LEVEL

Earnings of U.S. oil and gas companies for the third quarter and first 9 months have fallen sharply from year ago periods, according to a sampling of 51 integrated and nonintegrated companies. Overall, earnings for the sample group fell 46% in the third quarter 1991 to $2.6 billion on revenues that slipped 8% in a comparison of the two periods. That in turn pulled the group's earnings for the 9 months down almost 14% from a year ago.

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