AP NEWS

Analyzing Risks and Vulnerabilities in the Oil and Gas Industry with the Help of Business Portfolio Analysis | SpendEdge

January 17, 2019

LONDON--(BUSINESS WIRE)--Jan 17, 2019--SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest .

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190117005449/en/

Business portfolio analysis study for an oil and gas industry client. (Graphic: Business Wire)

New technological advancements and high preference for digitalization are going to evolve oil and gas companies in terms of efficiency and bring new challenges and opportunities for them. They are required to stay up-to-date with the latest trends and conduct a comprehensive portfolio assessment, management, and restructuring to address the lack of equity appreciation and declining financial results. Moreover, oil and gas companies are also expected to face relentless pressure to improve returns as they are encountering strong headwinds stemming from challenges inherent to the industry and the return of pricing volatility. In such a complex and uncertain environment, it has become crucial for companies in the oil and gas industry to leverage a business portfolio analysis solution.

According to the procurement experts at SpendEdge, “Companies in the oil and gas industry can precisely optimize their portfolio and be in sync with how markets evaluate portfolios in the period of uncertainty with the help of business portfolio analysis.”

The Business Problem: The client is a leading multinational company in the oil and gas industry that specializes in natural gas exploration and refining, manufacture of oil-based chemicals, and geothermal energy production. The continued weakness in financial results was making it difficult for the oil and gas industry ’s client to balance investments, production, and returns of the company. This even resulted in financial losses for the company and compelled them to leverage SpendEdge’s business portfolio analysis solution to evaluate each of their service categories individually and better financial management. They also wanted to determine the risks in the oil and gas industry and take measures to avoid them before it affects the company’s revenue. Moreover, they needed expert’s guidance to gain valuable insights from business portfolio analysis and develop better business strategies.

Are incompetent corporate strategies taking a toll on your investment plans and affecting the revenue system of your company. and know how our business portfolio analysis solution can be employed to determine the risks in the oil and gas industry and enhance business revenues.

The Solution Offered: Experts at SpendEdge analyzed the company’s short and long-term investment goals against various investment possibilities and recommended an efficient business plan with the help of a business portfolio analysis solution. The solution offered also provided them with vital insights to figure out service sections that prove productive for the business and optimize their marketing expenditure accordingly. They were also able to figure out the risks and vulnerabilities in the oil and gas industry and strategize ways to scale their growth among the oil and gas companies. Moreover, the business portfolio analysissolution enabled them to ensure cost-effective production levels and predict major shifts in technology and price fluctuations that were likely to occur.

In the extended downturn from 2014 to 2017, most upstream oil and gas companies reduced costs, some high-graded their portfolios, others concentrated their resources; however, many were still struggling to adapt quickly. to know how our business portfolio analysis can help you address all such issues in the future.

SpendEdge’s business portfolio analysis approach helped the client to:

Improve financial management for their organization. Analyze risks and vulnerabilities in the oil and gas industry. Want to actively manage a portfolio within a consistent strategic framework? and know how business portfolio analysis can help in sustaining current production levels, funding future growth, and maintaining shareholder payouts.

SpendEdge’s business portfolio analysis approach also offered predictive insights on:

Providing cost-effective production levels. Predicting major shifts in the technology and price fluctuations. Read the complete article to know more:

About SpendEdge:

shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more,

View source version on businesswire.com:https://www.businesswire.com/news/home/20190117005449/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: ENERGY OIL/GAS

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 01/17/2019 09:49 AM/DISC: 01/17/2019 09:49 AM

http://www.businesswire.com/news/home/20190117005449/en

AP RADIO
Update hourly