The BusinessWeek 50 Ranking
41
XTO Energy
XTO has managed to follow a fairly safe route to rapid growth in the oil-and-gas business. Instead of looking far afield for untapped resources, the Fort Worth company is buying up proven patches in places such as Texas and New Mexico and making them more productive through savvy use of technology. That has helped it double, on average, reserves on the properties it has acquired over its 20-year history without breaking the bank. In 2004, XTO plunked down $2 billion to expand its reserves further. That should help production grow at better than 20% this year.
Company Info
| 2004 Rank | NR |
| STOCK INFO | XTO |
| Market Value | $11.8 BILLION |
| Total Return | (1-yr.) 91.4%
(3-yr.) 308.9% |
| 2004 sales | $2 BILLION |
| Sales Growth | (1-yr.) 64%
(3-yr.) 33.8% |
| Net income | $507.9 MILLION |
| Net Income Growth | (1-yr.) 77%
(3-yr.) 23.1% |
| Net Margin* | 26.0% |
| Return on Equity* | 19.5% |
| 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
XTO Energy, Inc. principally engages in the acquisition, development, exploitation, and exploration of producing oil and gas properties in the southwestern and central United States. It also engages in the production, processing, marketing, and transportation of oil and natural gas. The company’s production and exploration activities are concentrated in Texas, Oklahoma, Arkansas, Kansas, New Mexico, Colorado, Wyoming, Alaska, and Louisiana. As of December 31, 2003, XTO Energy had estimated proven reserves of 3.6 trillion cubic feet of natural gas, 34.7 million barrels of natural gas liquids, and 55.4 million barrels of oil. It also owned interests in 11,364 gross (5,633.6 net) wells. The company was co-founded by Bob R. Simpson and Steffen E. Palko in 1986. It was formerly known as Cross Timbers Oil Company and changed its name to XTO Energy, Inc. in June 2001. XTO Energy is headquartered in Fort Worth, Texas.
No. of Employees
1,356
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