Financial Performance of the Major Oil Companies, 2007-2011

Pirog, Robert

Library of Congress. Congressional Research Service.

关键词: Petroleum;    Petroleum prices;    Energy;    Business;    Business valuation;   

RP-ID  :  R42364
RP-ID  :  R42364_2012Feb17

美国|英语

来源: UNT Digital Library

【 摘 要 】

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.