Crude oil and petroleum product prices are the critical factors of performance for integrated oil and gas companies. Investors prefer those companies that can both weather the low price cycles and take advantage of longer term trend. I've developed a process for measuring earnings attributable to price movements. Earnings estimated from price can be considered independent of business practice and conditions. The gap between earnings estimated from price and actual earnings are then due to other changes in operations or markets. This process has been used to

·     Benchmark price sensitivity, performance, and financial strategy within competitive group (ChevronTexaco, ExxonMobil, BP, Shell, ConocoPhillips, Marathon, Burlington Resources, Unocal, Amerada Hess, Sunoco).

·     Predict competitor earnings to help understand competitor strengths, weaknesses and strategies and identify opportunities and threats. 

·     Evaluate strategic plans. Foster accountability for performance beyond earnings attributable to price. 

·     Analyze price sensitivities implicit in earnings to help develop more robust plans and optimize portfolios.

·     Estimate price neutral earnings for performance analysis.

Data currently being updated with quarterly estimates,
end of quarter prices and income upon release.

If you are interested in learning more about the process,
or applying the process  please contact ELFEINBERG