We examine the extent of operational and financial hedging in US oil and gas companies. Using a combination of hand collected and publicly available data we first calculate financial and commodity exposure. We find significant exposure to underlying commodity movements. We find no evidence that...

Using a hand-collected data, we provide evidence of extensive use of commodity derivative in hedging among U.S oil and gas producers. We find large variations in hedging intensity and hedging profits while on average they generate significant positive profits. The profits relate positively to...

The aim of this study is to examine the relationships between profits and risks of five companies which are Chevron,ConocoPhillips,Valero Energy Corporation, Occidental Petroluem Corpotion,ExxonMobil Corporation.This study was carried out using the secondary data which was obtained from the...

Growth in oil and gas production in the continental U.S. has led some states to reconsider their taxation of production, prompting comparisons of state policies, especially the rate at which production is taxed. Cross-state comparisons are problematic because states often selectively apply their...

Oil price cycles can be relatively long, but the time needed for research, development, and widespread adoption of important oilfield technologies can be even longer. Econometric analysis shows that U.S. upstream research and development efforts track oil price movements with a delay, but that...

Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. We use time-series methods at the national level...