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Accounting and Finance for Energy |
Building Business Acumen and Strategic Financial Skills in the Oil and Gas Industry
Dr. Betty J. Simkins — The Williams Companies Professor of Business and Department Head of Finance in the Spears School of Business at Oklahoma State University
Energy professionals are expected to make financially based decisions and focus on value creation in the oil and gas industry. However, this can be challenging without understanding the essential tools to make strategic decisions. This four-hour seminar is uniquely tailored for oil and gas professionals to focus on understanding key financial measures. The objectives are to master financial essentials in this complex industry presented in the company’s financial statements. Learning objectives: • Gain a comprehensive introduction to the industry’s competitive landscape • Understand the importance of the financial statements to all employees of the company • Develop business acumen by analyzing the financial statements and understand how they demonstrate operational excellence and can highlight areas for improvement • Understand the importance of your own role in the company’s financial success This seminar is sponsored by the Department of Finance and the Center for Executive and Professional Development in the Spears School of Business at Oklahoma State University. Participants earn 0.4 continuing education units (CEUs) upon completion of this seminar. » KORN FERRY COMPETENCIES Business insight | Drives vision and purpose | Financial acumen | Optimizes work processes | Organizational savvy | Self-development
SEMINAR OUTLINE I. Introduction and overview
II. Analyzing oil and gas company annual reports and competitive benchmarking A. Comprehensive measures: ROA, ROE, Debt/Equity, EBITDA, Cash flow, etc. B. Upstream measures: Key energy ratios to measure upstream performance C. Midstream measures: Performance statistics for midstream, frac spread, etc. D. Downstream: Refining performance measures including the crack spread, refining margins, etc. [Optional] III. Case study applications
The Center for the Future of Work in the OSU Spears School of Business offers various certificate programs and customized professional development.
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