FY22 Financial Results

The tables below summarize SPE's financial performance for FY22 (April 2021-March 2022).

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 2022  

Audited

USD thousands

Assets

 

Cash and Cash Equivalents

10,855

Other Assets

11,876

Reserve Fund Investments

40,160

Property and Equipment

9,796

Interest in SPE Foundation

11,049

Total Assets:

83,736

   

Liabilities and Net Assets

 

Accounts Payable

11,614

Deferred Revenue

9,952

Total Liabilities

21,566

   

Net Assets

62,170

   

Total Liabilities and Net Assets  

83,736

 

Society of Petroleum Engineers (SPE) Stichting Consolidated Statement of Activity for the year ended 31 March 2022  

Audited

USD thousands

Meetings and Training Courses

(1,586)

Member Programs

(2,728)

Publications

(4,040)

Virtual Programs

(382)

Global Information Systems

(5,151)

Operating Surplus (Loss)

(13,887)

   

PPP Loans and Employee Retention Credits

(8,002)

   

SPE Global Investments

2,009

Net Change in SPE Foundation

(552)

Net Surplus/(Loss) (4,428)