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Vol. 8, No. 20 Week of May 18, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


Williams continues to show red ink

Firm reshaping into new entity; debt dropping as billions in assets sold

Allen Baker

Petroleum News Contributing Writer

Williams Cos. Inc. continued its metamorphosis into a much different company in the first quarter, with a loss of $814 million coming from a huge accounting charge. Even without the charge, Williams would have lost $57.7 million, compared with a profit of $107.7 million for the same period last yea....


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