Economy

Kerr-McGee Blames Economy, Lower Volumes for Losses

Kerr-McGee Corp. cited the “continued slowdown in the U.S. and worldwide economies” and lower oil and gas production as reasons that its second quarter net income was down 19%, standing at $175 million, or $1.71 per diluted share, compared with $217 million, or $2.13 per share for the same period of 2000. Last year’s second quarter included $107 million, or $1.02 per share, in special charges. No special charges were recorded for this year’s second quarter.

July 26, 2001

J.P. Morgan: Tech Boom = Gas Company Boom

In the new economy, while energy-intensive industrial businesslags, the growing information technology (IT) and telecom sectors”should account for an increasingly large piece of the total energypie,” according to an industry analysis report released by J.P.Morgan. And some will profit more than others, the financial giantsaid, in naming seven natural gas-based companies the winners inthe new market.

September 18, 2000

U.S., Central American Regulators for Alliance

Indicating how border-less the global economy is becoming,Kansas and Idaho have begun a regulatory partnership with CentralAmerica to promote energy interests.

July 20, 2000
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