The People of America's Oil and Natural Gas Indusry

Oil Company Earnings Lag Behind Dow Jones Industrial Average

Jane Van Ryan

Jane Van Ryan
Posted August 3, 2009

Second quarter 2009 earnings reports clearly show the recession's impact on the energy sector.

With 14 large oil and natural gas companies reporting their 2Q earnings so far, the industry's earnings amount to an average of 4.4 cents per dollar of sales. In comparison, the Dow Jones Industrial Average (DJIA) companies achieved 9.3 cents per dollar in the second quarter with 23 of the 30 companies reporting.

ABOUT THE AUTHOR

Jane Van Ryan was formerly senior communications manager and new media advisor at the American Petroleum Institute (API), where she wrote blog posts and produced podcasts and videos. Before coming to API, Jane managed communications for a large science and engineering corporation, and for a top-tier research and engineering university. A few years ago, you might have seen her in your living room when she delivered the news on television. Jane officially retired from API in 2011 and now freelances as an independent communications consultant when not gardening at her farm in Virginia.