America’s Oil & Natural Gas Industry: Putting Earnings into Perspective
November 7, 2008 by admin
This report and synopsis was developed by API.
The oil and natural gas industry is one of the world’s largest industries. Its revenues are large, as are the costs of providing consumers with the energy they need. Among those costs are finding and producing oil and natural gas, refining, distributing and marketing those refined products. The energy Americans consume today is brought to us by investments made years or even decades ago. Today’s oil and natural gas industry earnings are invested in new technology, new production and environment and product quality improvements to meet tomorrow’s energy needs. The industry’s earnings are very much in line with other industries, and often they are lower. See below for more information.
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Putting Earnings into Perspective
It may surprise you to find out our industry’s earnings are typically in line with other industries, and are often lower. From just who owns “big oil” to how we invest what we earn, we’ve prepared this short paper, based on well-documented data, to help you better understand the oil and natural gas industry’s earnings by putting them into perspective.
Download the report (pdf).
