Release Date: December 2008
Next Release Date: December 2009  

• Tables and Figures
  
  
• Major Findings
• Financial Developments
• Production
• Refining & Marketing
• About the Financial Reporting System Companies
• About Performance Profiles
• About the Financial Reporting System (FRS) Survey
• Market Overview
  
  
• Acronyms
• Financial Terms
• Glossary
  
  
  

About the Financial Reporting System (FRS) Survey

1. The Financial Reporting System (FRS) was established in 1977 under Section 205 (h) of the Department of Energy Organization Act (Public Law [P.L.] 91-95).

2. The FRS is designed to permit review of the functional performance of the major U.S. energy-producing companies in total, as well as by specific functions and geographic areas of operation.

3. Energy Information Administration (EIA) collects FRS information in accordance with the confidential information protection provisions of Title 5, Subtitle A, P.L. 107-347 and other applicable Federal laws and uses it for statistical purposes only; survey responses are confidential.

4. The legislation establishing the FRS requires the reporting of individual company financial and operating data to be on a "uniform and standardized basis" so that the data can be aggregated and comparisons can be made across companies and groups of companies.

5. The legislation also requires consultation with the U.S. Securities and Exchange Commission in an effort to be consistent with other Federal financial accounting practices; a number of specific energy financial accounting principles and conventions are incorporated.

More Information about the Financial Reporting System (FRS) Survey (PDF)

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