Release Date: February 2008
Next Release Date: February 2009 

• Findings
• Oil and Gas Production
• Petroleum Refining
• Branded Retail Outlets
  & Gasoline Sales
• Costs Incurred &
  Capital Expenditures
• Electric Power
  Generation Capacity
• Uranium Production
• Coal Production
• Shares of U.S. Totals
• Net FDI Capital Flows

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Oil and Gas Production

The production of natural gas and, in particular, crude oil and natural gas liquids (oil) in the United States by affiliates of foreign direct investors declined faster than the total U.S. production of both oil and natural gas in 2005, resulting in declining U.S. oil and gas production shares for FDI affiliates.  The largest contributors to the declines were the U.S. subsidiaries of BP (England and Wales) and Royal Dutch Shell (England and Wales), the two FDI affiliates with the most U.S. production.  The effects of hurricanes Katrina and Rita were instrumental in the declines for both companies, plus Shell also cited field declines as another cause.  No FDI affiliate had a notable increase in oil production, and the only notable increase in natural gas production was accomplished by affiliates of EnCana (Canada), in part because its four key natural gas resource plays in the United States all are in the early to middle stages of primary development, when production is usually growing at its highest rate, and in part as a result of EnCana’s acquisition of gas-producing properties from Progress Energy in 2005.[1]

Production of Oil and Gas in the United States by FDI-Affiliate Companies, 2003 - 2005
Foreign Parent - FDI Affiliate	Crude Oil and Natural Gas Liquids  (Million Barrels)				Dry Natural Gas (Billion Cubic Feet)
	2003	2004	2005	2004 - 2005 Percent Change	2003	2004	2005	2004 - 2005 Percent Change
BP - BP Americaa	237	217	200	-7.8	1,224	1,097	1,006	-8.3
Royal Dutch/Shell - Aera Energy, Meridian Resource,b Shell Oil	152	138	122	-11.6	578	488	420	-13.9
Nexen - Nexen Petroleum USA	9	10	7	-26.2	45	46	36	-21.6
Eni - Eni Petroleum & Agip Exploration	9	9	7	-24.2	47	39	29	-26.5
BHP Billiton - BHP Billiton Petroleum (Americas)c	5	7	6	-12.1	18	19	15	-20.6
EnCana - EnCana Oil & Gas (USA)	3	5	5	6.4	215	318	400	25.8
Total - Total Exploration Production USA	1	6	3	-43.9	107	88	64	-28.0
Petrobras - Petrobras America	*	*	1	36.7	11	8	6	-26.3
Santos - Santos USA	*	*	*	2.8	11	9	10	15.2
Norsk Hydro - Norsk Hydro Americas	- -	- -	*	NM	- -	- -	1	NM
Talisman Energy - Fortuna Energy	0	0	0	0.0	19	28	33	16.6
RWE - Consol Energy	0	- -	- -	NM	44	- -	- -	NM
Nuon - North Coast Energy	*	- -	- -	NM	11	- -	- -	NM
Total FDI-Affiliate Companies	419	392	351	-10.4	2,331	2,140	2,019	-5.7
Total United States	2,701	2,645	2,524	-4.6	19,099	18,757	18,244	-2.7
Percent FDI-Affiliate Companies	15.5	14.8	13.9	- -	12.2	11.4	11.1	- -
aExcludes NGLs from processing plants; includes natural gas consumed in Alaska operations.
bRoyal Dutch/Shell sold its FDI interest in Meridian Resource in 2004.
cFor years ending June 30, 2003-2005.
*Number less than 0.5 rounded to zero.
Note:  - = No data reported.  - - = Not applicable.  NM = Not meaningful.  R = Revised data.  Values at fiscal year end.  Components may not add to totals because of independent rounding.  Calculations performed with unrounded data.
Sources:  Companies:  Company documents.  U.S. Totals:  Energy Information Administration, Monthly Energy Review, DOE/EIA-0035(2007/03) (Washington, DC, March 27, 2007), Tables 3.1a and 4.1.

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[1] “Acquisitions and Divestitures by Foreign Direct Investors in U.S. Energy 2005,” Energy Information Administration, (Washington, DC, May 23, 2007).