Skip to content

Energy Companies Lead in Worker Productivity

USA Today reports that “eight non-financial companies in the Standard & Poor’s 500, including energy firms Valero Energy and Phillips 66 and health care company AmerisourceBergen, collected $1 million, on average, per every employee in the just completed first quarter, based on a USA TODAY analysis of data from S&P Capital IQ.”  

“The analysis looks at revenue brought in during the first quarter relative to the number of total employees reported at the end of each company’s most recent fiscal year.”  

“Energy companies dominate the list for grabbing productivity from employees. These companies generate large amounts of revenue from a relatively small number of employees since they rely so heavily on equipment designed to extract massive amounts of high-priced commodities.”

Recent Stories

Former New York Rep. Eliot L. Engel dies at 79

Capitol Lens | Recess review

House appropriators delay Defense markup plans amid uncertainty

Trump could keep an acting attorney general for months

At the Races: Taxes on the trail

Democrats kick off response to Trump’s annihilation threats