Over the past several years, the oil and gas markets have been among the most volatile of any industry. As oil ran up to a high of $147 per barrel, energy companies recorded staggering, windfall profits. With the speculative bubble burst, demand waning due to slowing global economies, and new trends of energy conservation and alternative fuels sweeping mature markets, oil prices have dropped significantly.
Furthermore, to capitalize on record oil prices, companies depleted reserves that now carry higher risk at a higher cost to replace. This volatile market environment has collapsed profits leaving industry players struggling to find new sources for growth.
AlixPartners is primed to assist energy executives chart a new course for profitable growth. Our deep expertise across the sector’s value chain and unique portfolio of services helps clients capitalize on new opportunities while defending against emerging competitive threats. Conducting initiatives that conserve cash enables client organizations to free capital to effectively position them for future success. Key areas of focus include:
- Productivity improvements including portfolio management, operational efficiency improvements and supply chain strategy
- Cost structure improvements through overhead cost reduction initiatives, procurement improvements and outsourcing strategies
- Cash flow management including working capital improvements
- Revenue enhancement through growth strategy, marketing strategy, pricing and sales and channel management
- Business development activities including mergers and acquisitions and partnerships and alliances
- Organizational, financial and IT restructuring programs
- Bankruptcy management
- Litigation support