Earnings

The oil and natural gas industry is one of the world's largest industries. Its revenues are large, as are the costs of providing consumers with the energy they need. Among those costs are finding and producing oil and natural gas, refining, distributing and marketing those refined products. The energy Americans consume today is brought to us by investments made years or even decades ago. Today's oil and natural gas industry earnings are invested in new technology, new production and environment and product quality improvements to meet tomorrow's energy needs. The industry's earnings are very much in line with other industries, and often they are lower. See below for more information.

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Size: 671 KB | Date: May 9, 2008 | License: Free

Investment and Other Uses of Cash Flow by the Oil Industry
Today's oil and natural gas industry earnings are invested in new technology, new production and environment and product quality improvements to meet tomorrow's energy needs. This new Ernst & Young study shows the five major oil companies had $765 billion of new investment between 1992 and 2006, compared to net income of $662 billion during the same period. The industry overall, which includes 57 of the largest U.S. oil and natural gas companies, had new investments of $1.25 trillion over the same period, compared to net income of $900 billion and cash flows of $1.77 trillion. High oil and gas prices in recent years increased oil and natural gas companies’ cash flows from operations and net income, which facilitated record levels of investment spending. Download the complete report below (Published May 2007) .

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Size: 192 KB | Date: January 28, 2008 | License: Free

New study finds ownership of America’s oil and natural gas companies “broadly middle class”
WASHINGTON – Who owns ‘Big Oil?’ It’s not who you think. As Congress debates national energy policy, a new study finds that ownership of oil and natural gas company shares is made up of a broad cross section of Americans.

“This study disproves the popular misconception that ‘Big Oil’ is owned by a small group of industry insiders. In reality, across the oil and natural gas industry only 1.5 percent of shares of public companies are owned by company executives,” said study author Robert J. Shapiro, undersecretary of commerce for economic affairs under President Bill Clinton. “The data show that ownership of industry shares is broadly middle class, with the majority of industry shares held by institutional investors, often on behalf of millions of Americans through mutual funds, pension funds and individual retirement accounts.”

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Size: 279 KB | Date: September 19, 2007 | License: Free

Earnings
The earnings of our nation's oil and gas industry are important to all of us. The energy we use today is brought to us by investments these companies made over decades of growth, throughout good and bad economic times and in spite of periodic threats to world stability.

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Size: 1.7 MB | Date: April 2007 | License: Free

U.S. Oil and Gas Industry Investments in Emerging Energy Technologies
To help meet projected U.S. energy demand growth of 34% in the next two decades and to diversify the U.S. energy portfolio, U.S. oil and gas companies invested $98 billion from 2000 through 2005 on emerging energy technologies in the North American market. This expenditure is 73% of the estimated total of $135 billion spent by U.S. companies and the Federal government. Of the industry investments, $86 billion (or 88% of the $98 billion total) were directed toward frontier hydrocarbons. The ability of major oil companies to upgrade inferior grades of oil (tar and oil sands, heavy oil) into refinery feedstock, and to turn waste and residue hydrocarbons (gasification including hydrogen production) into high-value products, is a natural extension of the industry’s expertise.

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Size: 1.5 MB | Date: May 2006 | License: Free