Over the past decade, the oil and gas industry has seen growth in both complexity and price volatility. Issues such as advances in non-fossil fuel sources, government regulations and geopolitics, over or under-supplied markets, and a drop in primary energy consumption have forced organizations within this industry to make themselves as lean as possible.
The oil and gas industry as a whole is changing and companies need to change with it. Holding on to old processes and methods will only hinder the progress of a company. The Office of Finance within oil and gas must implement month-end close best practices.
Download this guide to explore four finance best practices for oil and gas to cope with the volatility found in all three sectors of this industry:
- Expand Your Cost-Saving Strategy to Your Office of Finance
- Look to Each Other for Inspiration
- Plan for the Bad Days
- Diversify Your Holdings