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Vol. 7, No. 47 Week of November 24, 2002
Providing coverage of Alaska and northern Canada's oil and gas industry


Williams Cos. posts another big loss on energy trading problems

Company continues its painful transition; sale of Alaska refinery, stores, interest in trans-Alaska pipeline not likely to close in 2002

Allen Baker

PNA Contributing Writer

Williams Cos. Inc. continued to flow major amounts of red ink in the third quarter, posting a loss of $294 million as energy trading problems continued. The company had a profit of $221 million a year ago, but it posted a loss of $349 million in the second quarter of this year, again on big losses i....

    [additional news subjects in this story]

Asset sales

Four core areas

Interest costs soar

Debt-equity ratio rises


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