For the “Big-Five” Oil/Gas Companies,Market Price of Oil Doesn’t NecessarilyRelate to the Level of Oil Production,Congressional Research Service ReportSays

摘要

Although oil prices remained volatile between 2007and 2011, and total revenue and net income of thefive major oil/gas companies, including ExxonMobilCorp., Chevron Corp., BP plc, Royal Dutch Shellplc, and ConocoPhillips Co., followed a similarpattern -- the companies’ production of both crudeoil and natural gas remained largely unchanged. Thissuggests to Robert Pirog, an economist for theCongressional Research Service, author of a reporttitled, Financial Performance of the Major Oil Companies,2007-2011, that market price and the production ofkey products are not closely related, at least for thebig players.