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Performance Profiles of Major Energy Producers 2009

Release Date: February 25, 2011   |  Next Release Date: December 2011   |   Report Number: DOE/EIA-0206(2009)

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T-27. Statement of Income for U.S. Refining/Marketing

(Million 2009 Dollars)

Revenues and Costs  2003 2004 2005 2006 2007 2008 2009
Refined Product Revenues
367,060 471,362 598,931 650,100 655,764 819,586 521,497
Refined Product Costs
Raw Materials Processed1
160,154 223,479 294,064 336,876 353,158 482,679 304,377
Refinery Energy Expense
13,297 13,552 16,291 14,390 14,592 18,724 9,916
Other Refinery Expense
17,289 16,721 18,276 19,422 21,371 27,324 22,953
Product Purchases
132,827 171,915 216,565 216,942 210,044 253,416 164,889
Other Product Supply Expense
11,406 6,905 8,742 10,809 8,647 13,240 11,035
Marketing Expense2
12,766 14,610 13,562 11,656 12,651 13,090 11,027
Total Refined Product Costs
347,739 447,182 567,499 610,095 620,463 808,473 524,197
Refined Product Margin
19,322 24,180 31,432 40,005 35,301 11,113 -2,700
Refined Products Sold (Million Barrels)
8,063.7 8,329.9 8,160.5 7,766.4 7,322.2 7,437.3 7,512.8
Dollars per Barrel Margin3
2.40 2.90 3.85 5.15 4.82 1.49 -0.36
Hedging/Derivatives
- - - - - - 1,154
Other Refining/Marketing Revenues4
12,434 15,874 17,550 13,425 12,446 17,496 13,176
Other Refining/Marketing Expenses
Depreciation, Depletion, & Allowance
7,150 6,314 6,070 6,472 6,980 9,139 8,327
Other5
12,706 10,746 11,728 11,584 14,359 13,432 15,198
Total Other Expenses
19,856 17,060 17,798 18,056 21,338 22,571 23,525
Refining/Marketing Operating Income
11,899 22,994 31,184 35,373 26,409 6,038 -11,895
Miscellaneous Revenue & Expense6
1,612 2,413 3,607 3,731 6,887 2,600 -404
Less Income Taxes
4,852 8,431 12,123 13,642 10,564 5,593 -2,903
Refining/Marketing Net Income
8,660 16,976 22,668 25,463 22,732 3,045 -9,396
1 Represents reported cost of raw materials processed at refineries, less any profit from raw material trades or exchanges by refining/marketing.
2 Excludes costs of nonfuel goods and services and tires, batteries, and accessories (TBA).
3 Dollars per barrel of refined product sold.
4 Includes revenues from transportation services supplied (non-federally regulated), TBA sales, and miscellaneous.
5 Includes general and administrative expenses, research and development costs, costs of transportation services supplied to others, and expenses for TBA.
6 Includes other revenue and expense items, discontinued operations, extraordinary items, and cumulative effect of accounting changes.
- = Not reported.
Source: Energy Information Administration, Form EIA-28 (Financial Reporting System).