The Oil And Gas Industry
Case number:
A09-08-0005
Abstract
This industry note examines the oil and gas industry. The note first provides background information on industry financial performance, the role of OPEC, and the problems oil-producing nations have had in capitalizing on their resource wealth (i.e., the resource curse). The note then summarizes the major competitors among the integrated oil companies (IOCs), national oil companies (NOCs), and independents. The note describes the major business segments, including exploration and production, refining and marketing, natural gas, and petrochemicals. The note concludes with a discussion of industry evolution.
Teaching
This case can be used in multiple settings:
1. In a competitive strategy course with a section on industry analysis
2. In a corporate strategy course as a vehicle for examining vertical integration
3. With oil and gas industry managers in executive education programs
The main objective in using the case is to examine the structure of the industry and its competitive dynamics. Like all industries, the oil and gas industry is evolving, with new entrants and challenges from the NOCs shifting the balance of power away from the traditional strongholds of the IOCs. Because of the complexity of the industry, the instructor will have to choose a subset of material on which to focus the call discussion.
1. In a competitive strategy course with a section on industry analysis
2. In a corporate strategy course as a vehicle for examining vertical integration
3. With oil and gas industry managers in executive education programs
The main objective in using the case is to examine the structure of the industry and its competitive dynamics. Like all industries, the oil and gas industry is evolving, with new entrants and challenges from the NOCs shifting the balance of power away from the traditional strongholds of the IOCs. Because of the complexity of the industry, the instructor will have to choose a subset of material on which to focus the call discussion.
Case number:
A09-08-0005
Subject:
General Management
Year:
Setting:
Global
Length:
22 pages
Source:
Library