Third-quarter 2009 earnings fall sharply from 2008 peals

摘要

Lower oil and natural gas prices and depressed refining margins resulted in a sharp reduction in the third-quarter 2009 earnings of oil and gas producers and refiners.The combined earnings of three samples of companies were down across the board for the third quarter and first 9 months of 2009. OGJ looked at groups of US-based oil and gas producers, Canadian producers and pipeline operators, and service and supply firms, each of which posted declines as com-pared to the year-earlier periods.