Table 3.11  Major U.S. Energy Companies' Net Income, 1974-2006
                       (Billion Nominal Dollars 1)






Year
Petroleum 2


Down-
stream
Natural
Gas 2,3





Electric
Power






Coal





Other
Energy 4





Non-
Energy






Total 5
United States Foreign


Total
Petroleum
Crude Oil and
Natural Gas
Production
Refining
and
Marketing
Rate
Regulated
Pipelines


Total
Crude Oil and
Natural Gas
Production
Refining
and
Marketing
Inter-
national
Marine


Total
1974
NA NA NA NA NA NA NA NA NA NA NA NA NA NA 13.6
1975
NA NA NA NA NA NA NA NA NA NA NA NA NA NA 10.3
1976
NA NA NA NA NA NA NA NA NA NA NA NA NA NA 12.0
1977
6.4 1.5 .8 8.6 3.6 .7 .1 4.4 13.0 [6] [7] .2 (s) 1.7 12.7
1978
6.7 1.6 1.2 9.5 3.5 1.8 -.1 5.2 14.7 [6] [7] .1 -.1 1.8 13.9
1979
9.4 2.3 1.7 13.4 5.2 4.3 .1 9.7 23.0 [6] [7] .3 -.1 2.8 23.5
1980
13.8 2.5 1.7 17.9 6.9 4.3 .1 11.2 29.1 [6] [7] .3 (s) 2.3 31.0
1981
16.8 1.3 1.8 19.9 8.0 1.6 -.1 9.6 29.5 [6] [7] .4 -.3 1.6 30.0
1982
14.1 1.9 2.3 18.3 6.1 .8 -.3 6.7 25.0 [6] [7] .4 -.3 .4 21.8
1983
12.2 1.6 2.0 15.9 7.2 1.3 -.5 8.2 24.0 [6] [7] .5 (s) 1.8 21.9
1984
13.3 .1 2.5 15.8 7.5 .7 -.4 7.8 23.6 [6] [7] .6 -.1 2.9 21.3
1985
12.1 2.3 2.3 16.7 8.0 .5 -.4 8.1 24.8 [6] [7] .4 -.3 2.5 17.4
1986
.9 1.6 2.6 5.2 4.7 2.9 .1 7.7 12.9 [6] [7] .2 (s) 2.8 9.2
1987
4.7 1.1 2.6 8.4 5.4 1.0 -.1 6.4 14.8 [6] [7] .4 (s) 7.1 11.3
1988
3.2 5.4 2.0 10.6 4.3 2.4 .1 6.9 17.5 [6] [7] .6 -.1 10.8 22.3
1989
3.1 4.5 1.9 9.5 4.7 1.8 .2 6.7 16.2 [6] [7] .4 -.1 8.7 19.8
1990
8.7 2.2 2.1 12.9 7.4 2.8 .2 10.5 23.4 [6] [7] .3 .1 4.3 21.6
1991
5.1 .9 2.0 7.9 5.4 4.1 .3 9.8 17.7 [6] [7] .6 .1 1.6 14.7
1992
5.6 -.2 2.1 7.5 4.7 2.2 (s) 6.9 14.4 [6] [7] -.5 .1 1.2 1.8
1993
4.8 1.7 1.6 8.1 5.2 3.2 (s) 8.4 16.5 [6] [7] .4 .1 2.7 15.5
1994
4.8 1.8 1.8 8.5 4.0 2.0 (s) 5.9 14.4 [6] [7] .2 .2 6.2 16.5
1995
3.7 .5 2.2 6.4 5.9 2.4 (s) 8.3 14.7 [6] [7] .3 .2 12.6 21.1
1996
11.8 2.3 1.6 15.7 9.2 2.0 (s) 11.2 26.9 [6] [7] .5 .2 8.0 32.0
1997
11.6 3.1 1.3 16.0 9.6 3.6 .1 13.3 29.3 [6] [7] .3 .3 6.3 32.1
1998
.5 5.9 1.4 7.8 2.0 2.9 .1 5.1 12.8 [6] [7] .5 .9 1.8 12.5
1999
7.4 4.9 2.4 14.8 8.2 1.9 (s) 10.1 24.8 [6] [7] .2 .7 2.8 22.9
2000
21.9 7.7 2.3 31.8 18.5 2.9 (s) 21.4 53.3 [6] [7] (s) 2.7 3.6 53.2
2001
17.6 12.0 3.3 32.9 14.6 3.1 .2 17.8 50.8 [6] [7] .1 2.0 -2.7 37.7
2002
15.0 -1.4 1.7 15.4 12.9 -.4 (s) 12.5 27.9 [6] [7] (s) -1.5 1.8 20.6
2003
2 22.6 2 7.4 2 .8 2 30.9 2 21.3 2,8 2.9 [8] 2 24.3 2 55.1 3.6 1.0 [7] .1 .9 57.4
2004
30.1 15.2 .4 45.8 28.6 8 7.0 [8] 35.5 81.3 3.3 .6 [7] 1.1 4.2 81.1
2005
40.5 21.0 .5 61.9 48.7 8 7.8 [8] 56.5 118.5 2.2 .4 [7] 1.0 4.2 119.2
2006
41.3 24.3 .2 65.8 51.2 8 7.5 [8] 58.7 124.6 4.3 1.2 [7] .6 6.2 131.5
1See "Nominal Dollars" in Glossary. 7Included in "Other Energy."
2Through 2002, natural gas operations are included in the "Petroleum" line of business.  Beginning in
2003, downstream natural gas operations are included in their own line of business.
8"International Marine" is included with "Foreign Refining and Marketing" to prevent disclosure.
3"Downstream Natural Gas" is a line of business that begins with the procurement of natural gas,
processes and gathers natural gas, produces natural gas liquids, imports liquefied natural gas, markets
and trades natural gas and natural gas liquids, and delivers wholesale and retail volumes of natural gas
and natural gas liquids.
NA=Not available.  (s)=Less than 0.05 billion and greater than -0.05 billion.  
4Through 2002, includes electric power, nuclear, renewable fuels, and nonconventional energy
(including oil shale, tar sands, coal liquefaction and gasification, geothermal, and solar).  Beginning in
2003, includes coal, nuclear, renewable fuels, and nonconventional energy.
Notes:  ·  "Major U.S. Energy Companies" are the top publicly-owned, U.S.-based crude oil and natural
gas producers and petroleum refiners that form the Financial Reporting System.  See Table 3.14.  ·  "Net
income" is operating income plus other income and extraordinary income less operating expenses, taxes,
interest charges, other deductions, and extraordinary deductions.  ·  "Eliminations" are revenues and
expenses resulting from transactions between segments of the energy industry.  Consolidated company
accounts do not include intersegment revenues and expenses.  Therefore, such intersegment transactions
must be eliminated.  ·  "Nontraceables" are energy companies' revenues, costs, assays, and liabilities that
cannot be directly attributed to a type of business by use of a reasonable allocation method developed on
the basis of operating-level utilities.
5Total is sum of components shown, minus eliminations and nontraceables (see Notes). Web Page:  For related information, see http://www.eia.doe.gov/emeu/finance.
6Included in "Petroleum." Sources:  ·  1974-1976—Energy Information Administration (EIA), Form EIA-28, "Financial Reporting
System" database, November 1997.  ·  1977 forward—EIA, Performance Profiles of Major Energy
Producers, annual reports.