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2002 Working Capital Survey - Chart 12
Energy
CFO Staff, CFO Magazine

ENERGY

Company Name Sales ($ Mill.) DWC DWC Change Over Last Year DWC 3 Year Ave. DPO DPO Change Over Last Year DPO 3 Year Ave. Inven- tory Turns Inven- tory Turns Change Over Last Year Inven- tory Turns 3 Year Ave. DSO DSO Change Over Last Year DSO 3 Year Ave. CCE CCE 3 Year Ave.

OCEAN ENERGY, INC.

$1,255

-45

-6

-45

85

-30

107

0

0

0

39

-36

62

69%

58%

EOG RESOURCES INC.

$1,655

-1

-29

9

48

-12

58

21

7

15

43

-41

63

72%

65%

APACHE CORP.

$2,791

43

-5

46

24

-18

34

4

-1

4

53

-28

69

69%

66%

DEVON ENERGY CORP.

$3,075

-7

-34

12

75

18

62

18

5

17

64

-15

69

61%

57%

BURLINGTON RESOURCES INC.

$3,326

-17

-44

7

66

-6

69

20

-1

18

44

-50

70

63%

55%

FOREST OIL CORP.

$1,018

-27

-31

-14

75

-2

86

0

0

0

48

-33

71

49%

40%

NOBLE AFFILIATES, INC.

$1,577

-10

0

-8

63

-11

62

78

-72

94

50

-12

52

40%

40%

ANADARKO PETROLEUM CORP.

$8,369

-5

-13

-1

49

-34

64

0

0

0

44

-47

62

40%

33%

NOBLE DRILLING CORP.

$1,002

46

-5

45

17

-6

22

126

3

115

62

-11

66

45%

39%

KERR-MCGEE CORP.

$3,638

27

-11

37

66

9

59

3

0

3

48

-11

57

31%

35%

GLOBALSANTAFE CORP.

$1,257

32

6

22

24

-17

35

0

0

0

56

-11

57

29%

30%

UNOCAL CORP.

$6,664

7

-8

12

45

3

48

38

-34

39

46

-7

53

32%

22%

NABORS INDUSTRIES INC.

$2,158

42

-19

55

22

-15

31

70

21

42

61

-33

80

32%

25%

OCCIDENTAL PETROLEUM CORP.

$13,985

2

-3

6

19

-11

27

21

3

17

9

-12

18

19%

17%

PATTERSON-UTI ENERGY, INC.

$990

38

-11

39

18

-27

28

36

3

40

49

-36

61

26%

21%

KINDER MORGAN INC.

$1,055

22

22

13

55

38

33

8

-99

29

56

41

37

41%

17%

PHILLIPS PETROLEUM CO.

$26,868

15

12

12

36

3

37

7

-33

12

16

-15

28

13%

16%

MURPHY OIL CORP.

$4,467

9

1

12

27

-15

37

20

-3

19

21

-16

34

14%

15%

PEABODY ENERGY CORP.

$2,027

-36

-6

-40

107

28

86

8

-3

13

32

12

23

6%

7%

MASSEY ENERGY COMPANY

$1,203

47

-9

48

56

5

49

7

-1

8

60

-12

60

17%

18%

TRANSOCEAN SEDCO FOREX INC.

$2,820

74

8

75

24

-16

36

10

1

9

78

-2

86

20%

21%

ARCH COAL INC.

$1,403

29

5

27

26

-2

27

22

-4

23

39

0

39

10%

13%

WILLIAMS COMPANIES (THE)

$11,035

35

-8

35

96

-22

107

9

1

8

104

-24

112

16%

14%

EXXON MOBIL CORP.

$209,417

8

1

7

40

-3

44

12

-1

11

34

-3

36

11%

10%

CHEVRONTEXACO

$106,245

16

-1

15

22

-1

20

21

-6

25

28

-5

27

11%

11%

AMERADA HESS CORP.

$13,413

46

2

44

49

-8

50

16

-4

16

81

-9

79

15%

14%

CONOCO INC.

$38,737

9

0

10

18

2

18

27

-7

28

18

1

19

8%

8%

CONSOL ENERGY INC.

$980

107

77

49

64

39

31

7

-10

11

128

90

56

-1%

13%

HOLLY CORP

$1,142

5

-4

10

58

-27

74

17

3

13

47

-25

62

9%

7%

PRIDE INTERNATIONAL, INC.

$1,513

49

-10

48

46

-1

47

15

2

14

80

-8

80

17%

13%

MARATHON OIL CORP.

$33,157

12

1

17

27

-5

35

13

-1

10

19

-5

27

10%

8%

BJ SERVICES COMPANY

$2,234

69

-5

74

31

-3

35

11

1

11

78

-4

83

23%

16%

ASHLAND INC.

$7,719

14

-5

20

66

5

63

13

0

13

56

-1

59

11%

8%

SUNOCO INC.

$14,063

9

2

8

26

-1

29

16

-8

20

18

-4

23

6%

5%

TEPPCO PARTNERS, L.P.

$3,556

2

-2

3

23

-12

31

195

76

137

23

-13

31

5%

4%

WESTERN GAS RESOURCES INC.

$3,355

3

1

2

28

-36

46

57

-6

54

25

-36

42

5%

4%

FRONTIER OIL CORP.

$1,889

6

2

6

22

-9

33

19

4

13

11

-2

13

7%

4%

VALERO ENERGY CORP.

$14,988

21

13

12

33

13

27

9

-16

15

19

5

17

6%

5%

EL PASO CORP.

$57,475

11

5

9

38

-31

47

64

-54

77

44

-28

52

7%

4%

PREMCOR USA INC.

$6,418

6

0

9

21

-4

25

18

1

15

8

-4

12

7%

3%

NEW JERSEY RESOURCES CORP.

$2,048

21

-20

30

7

-6

9

24

11

19

15

-18

24

-1%

5%

EOTT ENERGY PARTNERS, L.P.

$8,609

2

6

-1

23

-13

35

93

-41

96

21

-8

30

-1%

1%

GENESIS ENERGY, L.P.

$3,340

-1

-2

0

19

-9

28

0

0

0

18

-10

28

1%

0%

ADAMS RESOURCES & ENERGY, INC.

$4,717

2

0

1

12

-6

17

471

274

234

13

-5

17

0%

0%

PENNZOIL-QUAKER STATE CO.

$2,276

12

7

25

1

0

7

84

-64

21

10

6

21

4%

3%

TESORO PETROLEUM CORP.

$5,218

34

11

29

23

3

23

11

-6

14

27

3

27

4%

3%

TRANSMONTAIGNE INC.

$5,223

11

-7

22

5

-2

9

33

12

17

6

-3

10

1%

2%

MCDERMOTT INTERNATIONAL INC.

$1,970

6

-10

26

23

0

27

236

94

65

27

-8

48

9%

2%

PLAINS ALL AMERICAN PIPELINE, L.P.

$6,868

9

5

7

21

2

24

36

-103

58

19

0

24

0%

-1%

FMC TECHNOLOGIES, INC.

$1,928

52

3

43

70

6

68

6

0

6

71

7

62

4%

4%

COOPER CAMERON CORP.

$1,564

89

6

80

82

-4

88

3

0

3

71

1

70

8%

6%

BAKER HUGHES INC.

$5,382

125

4

121

39

6

36

4

-1

4

93

1

91

13%

12%

VARCO INTERNATIONAL INC

$1,268

135

-15

135

30

2

28

4

0

4

98

-15

101

7%

9%

HALLIBURTON COMPANY

$12,939

81

-35

96

26

2

23

15

-1

15

85

-33

97

8%

2%

WEATHERFORD INTERNATIONAL INC.

$2,329

117

-33

142

34

-5

36

3

0

3

72

-28

89

11%

8%

SMITH INTERNATIONAL, INC.

$3,551

115

-8

126

29

-8

35

4

0

3

77

-9

85

6%

4%

NATIONAL-OILWELL INC.

$1,747

141

-19

159

34

-19

42

3

0

2

80

-14

86

-2%

2%

ENERGY Average

$12,121

29

-4

31

39

-5

42

37

-1

28

46

-10

52

18%

16%



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