4Q02

In terms of physical natural gas sales in North America, BP plc appears to have no equals, once again topping NGI’s fourth quarter and year-end 2003 survey. BP reported gas sales of 22.3 Bcf/d in the final quarter of last year, up substantially from 18.1 Bcf/d reported a year earlier. The London-based major also showed a 29% gain year-over-year, reporting 20.2 Bcf/d in sales during 2003, compared with 15.6 Bcf/d in 2002.

Ushering in some stability back into its business, TXU recorded 2003 earnings from continuing operations — before cumulative effect of changes in accounting principles, net of preference stock dividends — of $715 million, or $2.03 per diluted share of common stock. Comparable earnings before extraordinary charges in 2002 were $160 million, or $0.58 per diluted share of common stock.

ConocoPhillips expects to report fourth quarter oil and gas production of about 1.59 MMboe/d, up sequentially from the 1.56 MMboe/d reported in the third quarter, but down from a year earlier when the Houston-based major’s output was 1.62 MMboe/d.

ConocoPhillips expects to report fourth quarter oil and gas production of about 1.59 MMboe/d, up sequentially from the 1.56 MMboe/d reported in the third quarter, but down from a year earlier when the Houston-based major’s output was 1.62 MMboe/d.