The Global Oil & Gas Industry: Management, Strategy and Finance - electronic book

The global oil and gas industry is huge, critical to the world’s economy, controversial, and poorly understood by most people. To help readers understand the breadth and complexity of this vital industry, The Global Oil & Gas Industry is a nontechnical book that takes readers seamlessly through the industry’s primary value chain activities starting with exploration and ending with products sold to consumers. Authors Andrew Inkpen and Michael Moffett examine the strategic, financial, and managerial aspects of the world’s largest industry and address questions such as:

• How do oil companies evaluate prospects?
• Why have national oil companies become major players in the industry?
• What are the financial tools used to make investment decisions?
• Why is the production activity so focused on cost control?
• What are the implications of increasing outsourcing of services in oil and gas production?
• What factors account for volatile crude oil and natural gas price swings?
• Why is the downstream less profitable than the upstream?
• How are refined products marketed?
• Why have motor fuels become commodity-like?

Each topic is addressed using industry examples and business principles. Through this comprehensive value chain approach, readers will learn about the business and competitive dynamics of the global oil and gas industry.