Big energy companies had a bad year in 2002Slim refining margins cut income sharply, U.S. Energy Information Administration report shows Allen Baker Petroleum News Contributing Writer
In the roller-coaster world of the oil industry, 2002 was not a good year. For the 28 biggest U.S. oil companies, net income was $20.6 billion, a decline of 45 percent from their $37.7 billion in earnings for 2001. It was also just 39 percent of the $53.2 billion those companies earned in 2000, the....
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Supply and demand Natural gas glut Less investment Big piece of economy
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