Tracking The Majors

摘要

The financial and operating performance of the top 20 major integrated oils dipped from 2000 to 2002. Why? And what lies ahead? By almost any yardstick, fiscal 2000 was a banner year for the top 20 major integrated oils, as ranked by net sales revenues. Most reported 30% to 40% gains in revenues that year versus fiscal 1999 and triple-digit growth in net income and earnings per share. And their return on capital employed - a key measure of financial efficiency watched closely by Wall Street analysts-ranged from 30% at the low end to highs of 138% and 139%.