FY21 Financial Results

The tables below summarize SPE's financial performance for FY21 (April 2020-March 2021). Financial results for FY22 are expected to be posted in September, once the final audited results are received from our global auditing firm.

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 2021  

Audited

USD thousands

Assets

 

Cash and Cash Equivalents

14,128

Other Assets

7,398

Reserve Fund Investments

46,740

Property and Equipment

10,904

Interest in SPE Foundation

11,601

Total Assets:

90,771

   

Liabilities and Net Assets

 

Accounts Payable

14,465

Deferred Revenue

9,234

Total Liabilities

23,699

   

Net Assets

67,072

   

Total Liabilities and Net Assets  

90,771

 

Society of Petroleum Engineers (SPE) Stichting Consolidated Statement of Activity for the year ended 31 March 2021  

Audited

USD thousands

Meetings and Training Courses

(7,166)

Member Programs

(2,798)

Publications

(4,753)

Global Information Systems

(5,182)

Operating Surplus (Loss)

(19,899)

   

Member Advantage

(Scholarships, Energy Education)

(567)

   

SPE Global Investments

13,323

Net Change in SPE Foundation

1,248

   

Net Surplus/(Loss)

(5,895)