Financial performance
Assets for the OGJ150 group totaled $1.5 trillion
at yearend 2014, an increase of 4.07% from yearend 2013, reflecting continued capital investment and development. Revenues for 2014 were
$920.5 billion, up $6 billion from a year earlier.
Combined stockholder equity gained 1.61% to
$718.29 billion. Thirteen firms posted negative
stockholder equity at the end of last year, as their
liabilities exceeded assets.
As previously mentioned, the group’s collective net income was $73.98 billion, down 17.48%. The number of companies in the group that posted a net loss is 55 compared
with 54 in last year’s compilation. Sixteen of the firms re-McMoRan Inc.
Forest Oil Corp., which merged with Sabine Oil
& Gas Corp., and Pyramid Oil Co., which merged
with Yuma Energy Inc., are no longer listed separately.
The 2014 OGJ150 contains 10 limited partnerships. The largest of these is BreitBurn Energy Partners LP with assets of $7.6 billion. The smallest, Apache Offshore LP, had assets of $13.5 million.
There are five royalty trusts in the compilation and six
subsidiaries of non-US energy companies or of companies
operating mainly in other sectors.
TOP 20 IN SPENDING AND US NET WELLS DRILLED Table 6
Rank Company Capital, exploratory spending, $1,000 Rank Company US net wells drilled
1 Chevron Corp. ................................................................ 35,407,000 1 Chevron Corp...................................................................... 1, 125.0
2 ExxonMobil Corp. ........................................................... 34,621,000 2 California Resources Corp. ..................................................... 986.6
3 ConocoPhillips................................................................ 17,085,000 3 EOG Resources Inc................................................................ 869.0
4 Apache Corp. ................................................................. 10,880,000 4 Anadarko Petroleum Corp...................................................... 854.6
5 Anadarko Petroleum Corp. ............................................... 9,508,000 5 Apache Corp.......................................................................... 816.5
6 Occidental Petroleum Corp. .............................................. 8,930,000 6 ExxonMobil Corp. ................................................................... 732.0
7 EOG Resources Inc. ......................................................... 8,246,805 7 Linn Energy LLC..................................................................... 699.0
8 Devon Energy Corp........................................................... 6,988,000 8 Chesapeake Energy Corp. ...................................................... 682.0
9 Hess Corp. ....................................................................... 5,274,000 9 Marathon Oil Corp.................................................................. 666.0
10 Marathon Oil Corp. ........................................................... 5,160,000 10 Sandridge Energy Inc............................................................. 502.9
11 Noble Energy Inc.............................................................. 4,871,000 11 Pioneer Natural Resources Co. .............................................. 502.0
12 Continental Resources Inc................................................ 4,604,468 12 ConocoPhillips ....................................................................... 492.0
13 Chesapeake Energy Corp.................................................. 4,581,000 13 Devon Energy Corp. ............................................................... 481.0
14 Murphy Oil Corp. .............................................................. 3,679,464 14 Occidental Petroleum Corp. ................................................... 478.8
15 Pioneer Natural Resources Co.......................................... 3,243,000 15 Continental Resources Inc. .................................................... 388.5
16 Freeport McMoran Inc...................................................... 3,205,000 16 WPX Energy Inc. .................................................................... 375.0
17 Whiting Petroleum Corp.................................................... 2,842,837 17 Newfield Exploration Co. ........................................................ 345.0
18 Concho Resources Inc. .................................................... 2,554,914 18 EQT Production ..................................................................... 342.4
19 EQT Production................................................................ 2,441,486 19 Concho Resources Inc........................................................... 329.0
20 Cimarex Energy Co. .......................................................... 2, 108,250 20 Noble Energy Inc. .................................................................. 324.4
Total ............................................................................. 176,231,224 Total ................................................................................. 11,991.7
TOP 20 IN LIQUIDS RESERVES Table 7
Rank Company US liquids reserves, million bbl Rank Company Worldwide liquids reserves, million bbl
1 ConocoPhillips...................................................................... 2,299.0 1 ExxonMobilCorp................................................................ 11,823.0
2 ExxonMobil Corp. ................................................................. 2, 108.0 2 Chevron Corp....................................................................... 4,285.0
3 EOG Resources Inc. ............................................................. 1,596.6 3 ConocoPhillips ..................................................................... 3,267.0
4 Occidental Petroleum Corp................................................... 1,495.0 4 Occidental Petroleum Corp. ................................................. 2, 132.0
5 Chevron Corp. ...................................................................... 1,432.0 5 Marathon Oil Corp................................................................ 1,768.0
6 Anadarko Petroleum Corp. ................................................... 1,170.0 6 EOG Resources Inc.............................................................. 1,606.8
7 Apache Corp. ..........................................................................938.2 7 Devon Energy Corp. ............................................................. 1,473.0
8 Devon Energy Corp..................................................................929.0 8 Anadarko Petroleum Corp.................................................... 1,408.0
9 Continental Resources Inc.......................................................866.4 9 Apache Corp........................................................................ 1,356.5
10 Marathon Oil Corp. ..................................................................795.0 10 Hess Corp............................................................................ 1, 117.0
11 Whiting Petroleum Corp...........................................................698.3 11 Continental Resources Inc. .....................................................866.4
12 Chesapeake Energy Corp.........................................................687.1 12 Whiting Petroleum Corp. .........................................................698.3
13 California Resources Corp. ......................................................636.0 13 Chesapeake Energy Corp. .......................................................687.1
14 Hess Corp. ..............................................................................631.0 14 California Resources Corp.......................................................636.0
15 Range Resources Corp............................................................564.6 15 Range Resources Corp. ..........................................................564.6
16 Pioneer Natural Resources Co. ................................................521.3 16 Pioneer Natural Resources Co. ...............................................521.3
17 Linn Energy LLC ......................................................................508.1 17 Linn Energy LLC......................................................................508.1
18 Concho Resources Inc. ...........................................................370.3 18 Murphy Oil Corp. ....................................................................472.4
19 Denbury Resources Inc...........................................................362.3 19 Noble Energy Inc. ...................................................................432.0
20 Noble Energy Inc.....................................................................349.0 20 Concho Resources Inc............................................................370.3
Total................................................................................... 18,957.3 Total .................................................................................. 35,992.8
SPECIAL
REPORT
