Welcome to Table 4 of 'The Impact of Environmental Compliance Costs on U.S. Refining Profitability, 1995-2001.'  For assistance with this document, please call the National Energy Information Center at (202) 586-8800.

Table 4.   U.S. Refining/Marketing Operating Return on Investment for FRS Companies, 1988-2001

Year Actual Operating ROI Operating ROI less Environmental Effects Operating ROI less Environmental Effects Minus Actual Operating ROI Actual ROI as a Percent of ROI less Environmental Effects
1988 21.8 28.4 6.6 76.6
1989 15.1 21.0 5.9 72.0
1990 7.6 13.4 5.8 56.6
1991 3.0 8.0 4.9 38.2
1992 0.3 5.4 5.1 4.9
1993 5.4 11.5 6.1 46.6
1994 5.7 12.5 6.8 45.7
1995 2.0 9.4 7.4 21.3
1996 7.0 14.7 7.7 47.8
1997 10.7 19.9 9.2 53.8
1998 10.7 19.4 8.7 55.3
1999 8.0 15.5 7.5 51.7
2000 15.9 23.8 7.9 66.7
2001 31.6 8.8 72.0
 
Averages  
1988-1990 14.8 20.9 6.1 68.4
1991-1995 3.3 9.4 6.1 31.3
1996-2001 12.5 20.8 8.3 57.9
Note:   The earlier study utilized environmental cost and expenditure data from U.S. Bureau of the Census, Pollution Abatement Costs and Expenditures: 1994, MA200(94)-1(Washington, DC, 1996), pp. 6-7, and earlier editions of the Census report.   However, after 1994, Census only published data for 1999.   Since the American Petroleum Institute data are continuous over the 1990 to 2001 period, they were utilized for this study.   Estimates of costs and expenditures were made by applying the ratio of the American Petroleum Institute series to the corresponding Census series for the 1990-1994 overlap period to the Census values for 1988 and 1989.
Sources: Energy Information Administration, Form EIA-28 (Financial Reporting System); American Petroleum Institute, Petroleum Industry Environmental Performance (Washington, DC, May 1997); and American Petroleum Institute, U.S. Oil and Natural Gas Industry's Environmental Expenditures (Washington, DC, February 2003).

Last Updated on 5/14/2003
File name: http://www.eia.doe.gov/emeu/perfpro/ref_pi2/tab4.html
By Financial Analysis Team
Email: jon.rasmussen@eia.doe.gov