Financial Performance of the Major Oil Companies, 2007-2011

Description:

Periods of rising oil prices can result in reduced economic growth, rising prices, and reduced disposable incomes for consumers, as well as a deteriorating trade balance. For the oil industry,
periods of high oil prices generally imply increasing cash flows and higher profits. Although the U.S. oil industry is composed of many firms, to many the face of the oil industry is represented
by the five major firms operating extensively in the U.S. market. These firms are ExxonMobil, Chevron, BP plc, Royal Dutch Shell plc, and ConocoPhillips. During the period 2007 to 2011, the five major companies' upstream activities of exploration and production contributed more to the total profitability of the firms than the downstream activities of refining and marketing.

Creator(s): Pirog, Robert
Location(s): United States
Creation Date: February 17, 2012
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Creator (Author):
Pirog, Robert

Specialist in Energy Economics

Publisher Info:
Place of Publication: Washington D.C.
Date(s):
  • Creation: February 17, 2012
Coverage:
Place
United States
Description:

Periods of rising oil prices can result in reduced economic growth, rising prices, and reduced disposable incomes for consumers, as well as a deteriorating trade balance. For the oil industry,
periods of high oil prices generally imply increasing cash flows and higher profits. Although the U.S. oil industry is composed of many firms, to many the face of the oil industry is represented
by the five major firms operating extensively in the U.S. market. These firms are ExxonMobil, Chevron, BP plc, Royal Dutch Shell plc, and ConocoPhillips. During the period 2007 to 2011, the five major companies' upstream activities of exploration and production contributed more to the total profitability of the firms than the downstream activities of refining and marketing.

Physical Description:

12 pages.

Language(s):
Subject(s):
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
Resource Type: Report
Format: Text