The BusinessWeek 50 Ranking
44
Unocal
For years, unocal has been tagged as an underachiever, as its oil and gas results trailed the industry. No more. Thanks to big new fields coming on line in Azerbaijan, the Gulf of Mexico, and Bangladesh, Unocal is expected to boost production by 4% this year, while most big oil companies remain stagnant. With oil prices surging, the El Segundo (Calif.) company saw earnings leap 64% in the past year. Those lucrative offshore reserves have made Unocal a frequently mentioned takeover target. That's a big reason its stock has returned a hefty 45.2% over the past 12 months.
Company Info
| 2004 Rank | 182 |
| STOCK INFO | UCL |
| Market Value | $14.2 BILLION |
| Total Return | (1-yr.) 45.2%
(3-yr.) 61.7% |
| 2004 sales | $8 BILLION |
| Sales Growth | (1-yr.) 26%
(3-yr.) 7.8% |
| Net income | $1.1 BILLION |
| Net Income Growth | (1-yr.) 64%
(3-yr.) 30.9% |
| Net Margin* | 14.3% |
| Return on Equity* | 21.9% |
| Industry | ENERGY |
| CORPORATE WEB SITE | |
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*Trailing 12 months
Company data as of 2/28/05 provided by Standard & Poor's Compustat
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Company Snapshot
Unocal Corporation engages in the exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids, with principal operations in North America and Asia. It operates in three segments: Exploration and Production, Midstream and Marketing, and Geothermal. Exploration and Production segment engages the exploration, development, and production of oil and gas. It’s proved oil and gas reserves were 1.754 billion barrels of oil equivalent, as of December 31, 2004. It also operated 10,436 oil and gas producing wells, as of the above date. Midstream and Marketing segment consists of the company's equity interests in petroleum pipeline companies, wholly owned pipelines, and terminals in the United States; the North America gas storage business; and the transporting and selling of hydrocarbon. The Geothermal segment produces geothermal steam for power generation. The company also operates geothermal steam-fired power plants in Indonesia and has equity interests in gas-fired power plants in Thailand. Unocal Corporation was incorporated in 1983 and is headquartered in El Segundo, California.
No. of Employees
NA
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