The Department of Energy’s Energy Information Administration regularly collects financial results from 24 major US-based energy companies. These include the US-based subsidiaries of BP and Shell, but not the international operations of those companies, as both are based overseas.

Combining the 24 provides a good snapshot of trends. The EIA also collects production data, which I have charted at the right. (Click to enlarge.) Across all 24 companies, crude oil production year-to-year dropped a slight 0.1% or 6 thousand barrels a day on a combined 2Q04 production volume of 8.627 million barrels per day. (That represents approximately 10% of total global oil production.)

Within that, however, the increase in international production is basically just offsetting the decrease in domestic production.