Evaluate the financial and operational performances of integrated oil and gas companies through an application of established techniques used in industry.

Research and obtain the most recent annual report of Shell, an integrated oil and gas company. Annual reports can be found on the company’s website. For companies registered with the United States Securities Exchange Commission, you can also access their annual reports and Form 10-K or F-20, as appropriate, from the US SEC website.

Based on the contents of the annual report and other information available, you are required to conduct a financial and operational performance analysis and evaluation of the company for a period of 5 years. Your analysis will include upstream and midstream performance appraisal, ratio analysis as well as qualitative evaluation of relevant information to the company’s operations, including critique of the basis for the recognition of exploration costs and its impact on profitability. Your analysis must also include at least a discounted and terminal basis valuation of the company.

Answer rating: 100% (QA)

An integrated oil and gas company is a business entity that engages in the exploration production refinement and distribution of oil and gas as opposed to companies that specialize in just one segment ... View the full answer