(Solution) 11/7/2014 Big Oil Feels The Need To Get Smaller - WSJ - WSJ This Copy Is For Your Personal, Non-commercial Use Only. To Order Presentation-ready... | Snapessays.com


(Solution) 11/7/2014 Big Oil Feels the Need to Get Smaller - WSJ - WSJ This copy is for your personal, non-commercial use only. To order presentation-ready...


Read the following Article and address the questions: 1. Why do most firms feel they have to promise growth? Why did oil companies tend to promise future growth in the past?2. What has changed? Why are oil firms now proposing to shrink?3.  For how long can a firm's management survive on a programmed course of shrinkage? In the long term, isn't the promise of growth the precondition of sound management and strategy?11/7/2014

 

Big Oil Feels the Need to Get Smaller - WSJ - WSJ

 

http://online.wsj.com/articles/big-oil-feels-the-need-to-get-smaller-1414973307?mod=djem_jiewr_MG_domainid

 

1/5

 

As crude prices tumble, big oil companies are confronting what once would have been

 

heresy: They need to shrink.

 

Even before U.S. oil prices began their summer drop toward $80 a barrel, the three

 

biggest Western oil companies had lower profit margins than a decade ago, when they

 

sold oil and gas for half the price, according to a Wall Street Journal analysis.

 

Despite collectively earning $18.9 billion in the third quarter, the three companies—

 

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http://online.wsj.com/articles/big-oil-feels-the-need-to-get-smaller-1414973307

 

BUSINESS

 

Big Oil Feels the Need to Get Smaller

 

Exxon, Shell, Chevron Pare Back as Rising Production Costs Squeeze Earnings

 

Extracting oil from Western Canada’s oil

 

sands, such as at this Shell facility near Fort

 

McMurray, Alberta, is a particularly

 

expensive proposition.

 

BLOOMBERG NEWS

 

Nov. 2, 2014 7:08 p.m. ET

 

By

 

DANIEL GILBERT

 

in Houston and

 

JUSTIN SCHECK

 

in London

 


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