To: mnehrling
Question:
What is the meaning of "Upstream earnings"?
9 posted on
04/27/2006 10:32:34 AM PDT by
Pessimist
To: Pessimist
Upstream earnings are exploration and production earnings as well as wholesale post production earnings. Downstream earnings are direct to consumer earnings.
I'm about to post the 'downstream earnings' detail.
12 posted on
04/27/2006 10:36:10 AM PDT by
mnehring
(My Ramblings- http://abaraxas.blogspot.com)
To: Pessimist
Downstream earnings (much lower as XOM isn't primarily in the direct to consumer business.)
Downstream (2006 versus 2005)
United States 162 148
Non-U.S. 419 304
Total 581 452
Note: A very slight increase in US earnings over last year, but not near the trend of non-US earnings.
14 posted on
04/27/2006 10:41:25 AM PDT by
mnehring
(My Ramblings- http://abaraxas.blogspot.com)
To: Pessimist
What is the meaning of "Upstream earnings"?Earnings on exploration, mining, drilling, refining. (The petroleum industry, like most other heavy industies, is much more complicated than most people think.)
23 posted on
04/27/2006 10:53:51 AM PDT by
Cobra64
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson