LARGE PETROLEUM FIRMS OUTSIDE NORTH AMERICA POST MIXED RESULTS IN 1991

Robin Buckner Price Staff Writer Financial results for a sample of large private and public sector petroleum companies outside North America were mixed in 1991. In general, state oil companies fared better. Venezuela's Petroleos de Venezuela SA (Pdvsa) estimated 1991 net earnings rose about 28%, and Spain's Repsol SA increased profits almost 4%. In contrast, a number of private European oil companies had a rough year in 1991. Low oil prices forced many of them to write down asset

Jul 27th, 1992
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