December 2005

Trends and Resources

HP Impact: Despite storms, US energy firms post record 2005 earnings

For US-based integrated oil companies, 2005 has been a year of surprises. Third-quarter and nine-month performance figures show exceptional earnings by several corporations. Some of these companies en..

Weirauch, Wendy, Hydrocarbon Processing Staff

For US-based integrated oil companies, 2005 has been a year of surprises. Third-quarter and nine-month performance figures show exceptional earnings by several corporations. Some of these companies endured facility shutdowns and/or reduced operating capacity due to two severe hurricanes that entered the US Gulf of Mexico. Recovery from hurricanes Katrina and Rita is still ongoing. Obviously, both storms had profound impacts on the US refining industry, and the natural gas and crude oil exploration and production operations in the Gulf of Mexico. Hurricane Katrina in August and then Rita one month later exposed the vulnerabilities for offshore production infrastructures and the Gulf Coast

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