Tuesday September 22nd, 2015 - 8:55AM-9:45AM
With how-low-can-you-go oil prices, energy companies are facing strong headwinds. Investors are looking for higher capital efficiency and incentives to continue placing their cash and trust in energy companies, where equity values dropped precipitously in late 2014, wiping out billions of dollars of value.
Learning from the energy-related crisis of 2008-‘09, and recalling 1986-’87, industry observers know companies can win by taking strategic action and making targeted investments in times of crisis. By adjusting portfolios, operating models, productivity levels and market positioning, companies can emerge from times of uncertainty stronger and more competitive.
Winston Churchill said, “Never let a good crisis go to waste,” a saying that is true now for the Energy industry. Many have decided to cut capital spending and freeze hiring. Others are considering delaying maintenance and turnarounds. To emerge stronger from the global oil-price shock, however, Accenture suggests 10 practical ideas for Energy companies to do now.