Valuing Oil and Gas Companies : a Guide to the Assessment and Evaluation of Assets, Performance and Prospects

Market value is set by investor behaviour ....but objective methods of valuation are vital for accurate predictions of market behaviour. What are the key issues facing the industry - and the main points the analyst needs to look for when interpreting oil industry accounts? Do the best prospects necessarily lie with the larger and better-financed companies? How best can an investment strategy be managed in the refining industry, with its conflicting pressures of environmental controls and inadequate returns? This unique and authoritative book has the answers to these and many other questions, offering a series of benchmarks and performance indicators with which to evaluate oil company shares. An updated edition of a respected and established title, it remains the only comprehensive handbook of its kind available, and will be eagerly welcomed by corporate planners as well as investors and analysts. An essential and practical guide for investors, analysers and corporate planners The only book which shows how to actually value oil and gas companies International in outlook Market value is set by investor behaviour ....but objective methods of valuation are vital for accurate predictions of market behaviour. What are the key issues facing the industry - and the main points the analyst needs to look for when interpreting oil industry accounts? Do the best prospects necessarily lie with the larger and better-financed companies? How best can an investment strategy be managed in the refining industry, with its conflicting pressures of environmental controls and inadequate returns?

This unique and authoritative book has the answers to these and many other questions, offering a series of benchmarks and performance indicators with which to evaluate oil company shares. An updated edition of a respected and established title, it remains the only comprehensive handbook of its kind available, and will be eagerly welcomed by corporate planners as well as investors and analysts.

• An essential and practical guide for investors, analysers and corporate planners
• The only book which shows how to actually value oil and gas companies
• International in outlook

Content: Front Matter , Page iii Copyright , Page iv Dedication , Page v Preface to the first edition , Pages ix-x Preface to this edition , Pages xi-xii Acknowledgements , Page xiii List of abbreviations , Page xiv CHAPTER 1 - The development of the oil industry , Pages 1-26 CHAPTER 2 - Economic assumptions , Pages 27-82 CHAPTER 3 - Oil industry accounts , Pages 83-120 CHAPTER 4 - Exploration and production companies , Pages 121-169 CHAPTER 5 - Integrated oil companies , Pages 170-227 CHAPTER 6 - Oil industry corporate finance , Pages 228-246 CHAPTER 7 - The future , Pages 247-259 Bibliography , Pages 260-263 Glossary , Pages 264-268 Index , Pages 269-285 This unique book analyses all the commercial aspects of oil companies, taking into account the significant structural changes within the sector since the mid-1990s.