Strategies to Maintain Profitability When Crude Oil Prices Fluctuate

Rapid and sustained fluctuations in the crude oil market have remained a threat to national and multinational oil and gas corporations' financial performance. This qualitative descriptive single case study aimed to explore strategies oil production leaders used to maintain profitability when crude oil prices fluctuate. Six senior oil production leaders participated in the research. Data collection methods included semistructured interviews, company documents, direct observation, and a reflective journal. Based on the methodological triangulation and the use of thematic data analysis technique, three broad strategies emerged: relating to enhancing operational efficiency, business portfolio diversification, and optimization of capital structure.

Recommended Citation

Sulemana, Y. (2020, October 1-2). Strategies to maintain profitability when crude oil prices fluctuate [Poster presentation]. Walden University Research Conference 2020 (online). https://scholarworks.waldenu.edu/researchconference/2020/posters/16/