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 ... continued below

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12 pages.

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Pirog, Robert February 17, 2012.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 44 times . More information about this report can be viewed below.

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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.

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12 pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • February 17, 2012

Added to The UNT Digital Library

  • July 3, 2012, 7:51 a.m.

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  • Aug. 11, 2015, 12:27 a.m.

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Citations, Rights, Re-Use

Pirog, Robert. Financial Performance of the Major Oil Companies, 2007-2011, report, February 17, 2012; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc87219/: accessed March 24, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.