Tag Archives: Economic policy

Performance Appraisal versus Value-Driven Strategy: A study of America’s Oil and Gas Industry

Performance Appraisal versus Value-Driven Strategy: A study of America’s Oil and Gas Industry

In the oil and gas industry, performance appraisal and strategy are diametrically opposed. Key indicators highlighted in annual reports include return metrics like ROACE (return on average capital employed), or production metrics, such as cost per barrel and production barrels. More recently, some show reserve replacement numbers, e.g. barrels of new reserves versus barrels produced. Read More Performance Appraisal versus Value-Driven Strategy: A study of America’s Oil and Gas Industry