FY19 Financial Results

The tables below summarize SPE's financial performance for FY18 (April 2018-March 2019).

Society of Petroleum Engineers (EIN: 75-2001539) is registered in the United States of America as a nonprofit organization with 501(c)(3) designation

Society of Petroleum Engineers (SPE) Stichting Consolidated Statement of Activity for the year ended 31 March 2019

(unaudited)

USD thousands

Assets

 

Cash and Cash Equivalents

14,177

Other Assets

12,525

Reserve Fund Investments

49,856

Property and Equipment

11,607

Interest in SPE Foundation

11,180

   Total Assets:

99,345

   

Liabilities and Net Assets

 

Accounts Payable

9,988

Deferred Revenue

14,070

  Total Liabilities

24,058

   

Net Assets

75,287

   

   Total Liabilities and Net Assets  

99,345

 

Society of Petroleum Engineers (SPE) Stichting Consolidated Statement of Activity for the year ended 31 March 2019

(unaudited)

USD thousands

Meetings and Training Courses

11,675

Member Programs

(4,154)

Publications

(2,566)

Global Information Systems

(5,308)

   Operating Surplus

(353)

   

Member Advantage
(Scholarships, Energy Education)

(482)

   

SPE Global Investments

2,493

Net Change in SPE Foundation

(550)

   

   Net Surplus/(Loss)

1,108