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Annual Energy Review

Release Date: October 19, 2011 
Next Update: August 2012

Table 3.11  Major U.S. Energy Companies' Net Income, 1974-2009
                       (Billion Dollars1)






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 R 15.0 .4 R 45.5 28.6 8,R 6.9 [8] 35.5 R 81.0 3.3 .6 [7] 1.1 4.2 81.1
2005
 40.5 R 20.7 .5 R 61.7 48.7 8 7.8 [8] 56.5 R 118.2 2.2 .4 [7] 1.0 4.2 119.2
2006
 41.8 R 24.0 .2 R 66.0 51.4 8 7.5 [8] 58.9 R 125.8 3.7 1.2 [7] .6 6.2 131.4
2007
 40.1 R 22.0 .3 R 62.3 47.0 8,R 9.1 [8] 56.2 R 118.5 8.8 -1.6 [7] .8 5.6 124.8
2008
 32.3 R 3.0 .2 R 35.6 39.8 8 11.1 [8] R 50.8 R 86.4 3.5 9.3 [7] -.3 -2.4 86.9
2009
 10.6 -9.4 .5 1.7 31.0 8 2.6 [8] 33.6 35.3 6.7 -1.8 [7] .2 1.3 29.5
1Prices are not adjusted for inflation.  See "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.		 R=Revised.  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
http://www.eia.gov/finance/performanceprofiles/CoList.html.  ·  "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.gov/finance/.
6Included in "Petroleum." Sources:  ·  1974-1976—U.S. Energy Information Administration (EIA), Form EIA-28, "Financial
Reporting System" database, November 1997.  ·  1977 forward—EIA, Performance Profiles of Major
Energy Producers, annual reports.