Table 3.12  Major U.S. Energy Companies' Profitability, 1974-2006
                       (Percent)






Year
Petroleum 1


Down-
stream
Natural
Gas 1,2





Electric
Power






Coal





Other
Energy 3





Non-
Energy






Total
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 14.6
1975
NA NA NA NA NA NA NA NA NA NA NA NA NA NA 9.7
1976
NA NA NA NA NA NA NA NA NA NA NA NA NA NA 10.0
1977
17.5 7.2 7.3 12.5 21.8 5.1 2.6 12.4 12.5 [4] [5] 8.8 -2.6 7.1 9.4
1978
16.4 7.5 10.9 12.8 18.2 12.7 -1.0 13.6 13.1 [4] [5] 4.1 -4.2 6.5 9.4
1979
18.2 9.8 15.1 15.5 23.8 29.1 2.6 23.1 18.0 [4] [5] 6.3 -3.7 8.8 13.8
1980
20.9 9.8 15.1 17.5 25.1 26.4 2.4 23.0 19.2 [4] [5] 5.6 -.7 5.9 15.3
1981
20.2 4.4 15.6 16.1 25.5 9.0 -1.1 17.7 16.6 [4] [5] 6.1 -6.8 3.5 12.4
1982
14.0 6.0 20.8 12.7 17.4 4.7 -6.3 11.8 12.5 [4] [5] 4.4 -5.2 .6 7.7
1983
11.3 4.8 16.6 10.3 19.6 7.7 -13.2 14.1 11.3 [4] [5] 5.0 .5 2.9 7.4
1984
10.8 .3 20.8 9.4 18.8 4.5 -14.0 13.3 10.4 [4] [5] 6.2 -1.8 4.8 6.9
1985
9.5 6.5 15.0 9.4 20.0 3.3 -19.0 13.8 10.5 [4] [5] 4.6 -8.4 4.2 5.5
1986
.8 4.5 13.2 3.0 11.6 16.3 5.3 12.8 5.5 [4] [5] 2.7 -.8 5.1 3.0
1987
4.1 2.9 12.8 4.9 12.4 4.7 -3.6 9.5 6.2 [4] [5] 5.1 .5 12.2 3.6
1988
2.8 14.7 9.6 6.3 9.2 11.6 6.8 9.9 7.3 [4] [5] 6.7 -2.5 20.3 7.2
1989
2.9 11.5 10.2 5.8 8.9 8.0 12.4 8.7 6.7 [4] [5] 5.0 -2.3 17.3 6.4
1990
8.5 5.1 11.2 7.9 13.1 11.2 11.7 12.5 9.5 [4] [5] 3.3 2.6 7.8 6.8
1991
5.1 2.0 10.7 4.9 9.1 14.6 15.6 11.0 7.0 [4] [5] 8.7 2.8 2.9 4.5
1992
5.9 -.4 8.4 4.4 8.2 7.8 -1.2 7.9 5.6 [4] [5] -9.3 1.8 2.1 .5
1993
5.3 3.4 6.4 4.9 8.6 10.6 1.2 9.2 6.4 [4] [5] 7.6 4.1 4.7 4.7
1994
5.5 3.6 7.6 5.2 6.5 6.1 -2.0 6.2 5.6 [4] [5] 4.0 4.8 10.5 4.9
1995
4.4 1.0 9.1 4.0 9.3 7.2 -2.5 8.4 5.7 [4] [5] 6.9 6.1 19.4 6.2
1996
14.1 4.4 6.9 9.9 12.8 6.0 2.2 10.6 10.1 [4] [5] 9.9 7.9 15.0 9.5
1997
12.5 6.6 6.7 10.0 12.5 10.5 11.8 11.9 10.8 [4] [5] 7.2 7.0 10.9 9.2
1998
.5 7.9 4.4 3.8 2.2 8.2 8.9 4.0 3.9 [4] [5] 26.4 13.2 4.5 3.2
1999
7.6 6.5 6.4 7.0 8.5 5.1 .8 7.6 7.2 [4] [5] 9.5 7.6 5.8 5.6
2000
17.7 9.6 6.0 13.2 17.1 8.7 6.4 15.1 13.9 [4] [5] 1.7 11.0 7.3 11.4
2001
13.1 14.5 9.7 13.1 11.2 9.5 25.9 10.9 12.2 [4] [5] 9.0 9.0 -6.6 7.7
2002
10.5 -1.7 5.2 6.0 9.2 -1.1 -6.2 7.2 6.5 [4] [5] -8.5 -6.8 4.7 4.1
2003
1 16.5 1 9.3 1 11.5 1 13.7 1 14.2 1 7.7 W 1 13.0 1 13.4 8.8 5.2 [5] 2.8 2.4 10.9
2004
20.0 18.6 4.4 18.9 17.1 17.6 W 17.3 18.2 5.9 3.1 [5] 24.7 10.7 14.0
2005
22.5 23.5 5.8 R 22.4 26.3 20.8 W 25.5 23.7 4.0 1.7 [5] 22.2 R 11.6 19.0
2006
17.5 25.6 2.7 19.4 23.6 18.6 W 22.8 20.9 6.7 5.6 [5] 11.1 14.6 17.7
1Through 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.
R=Revised.  NA=Not available.  W=Value withheld to avoid disclosure of individual company data.  
2"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.
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.
·  Data are for return on investment, measured as net income divided by net investment in place.  "Net
income" is operating income plus other income and extraordinary income less operating expenses, taxes,
interest charges, other deductions, and extraordinary deductions.  "Net investment in place" is net property,
plant, and equipment plus investments and advances to unconsolidated affiliates.
3Through 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.
Web Page:  For related information, see http://www.eia.doe.gov/emeu/finance.
4Included in "Petroleum." Sources:  ·  1974-1976—Energy Information Administration (EIA), Form EIA-28, "Financial Reporting
System" database, October 1996.  ·  1977 forward—EIA, Performance Profiles of Major Energy Producers,
annual reports.
5Included in "Other Energy."