Income for the 51 independent energy companies grew 11% in first quarter 2004 over earnings in first quarter of 2003 (Table 1), according to recent data from the Energy Information Administration (EIA..
Income for the 51 independent energy companies grew 11% in first quarter 2004 over earnings in first quarter of 2003 (Table 1), according to recent data from the Energy Information Administration (EIA). All three types of energy companies analyzed ? independent oil and natural gas producers, oil field service companies and refiner/ marketers ? had increased income over the year-ago quarter. Both crude oil prices and the gross refining margin increased 3% (Table 2).
Table 1. Revenue and net income summaries for US independent energy companies, $million
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