Operation and Competition Situation of UK Oil & Gas Industry Essay

Operation and Competition Situation of UK Oil & Gas Industry - Essay Example The major rationale for selecting this industry however is that, regardless of its important place in UK’s economy, growth in the sector has not been steady in the last few years as seen in figure 1 below. The paper therefore tries to critique the cause and finds solutions from the perspective of selected companies. BP was selected to be a general representation of larger oil and gas companies whose daily production is beyond 1,000,000 barrels a day. On the whole, the rationale behind the selection of BP is the diversity and differences it offers in its business and marketing approaches as a large company. The selection of Cairn was for the reason of the fact that the company gave a perfect representation of smaller oil and gas companies whose daily production is below 35,000 barrels a day. The company also uses a focus strategic option, which makes it possible to compare this strategic option with other companies to determine its effects. As depicted in figure 2, it will be seen that in terms of production units, it can be said that the selection of Premier have been made based on medium market size with production above 35,000 barrels but less than 100,000 barrels. This is an important rationale to pursue, given the fact that the individual growth of these companies will turn out to be collective growth of the oil and gas industry in the UK (Ferguson, 2004). Gross profit margin: This is a type of profitability financial ratio that measures financial health by estimating proportion of money left over from the company’s revenues after accounting for the cost of goods sold (COGS) (Weston, 1990). This gross profit margin is selected to determine how financially healthy the companies are, which is; Net profit margin: This is another profitability measure that determines how much each pound earned by the company is turned into profits (Houston and Brigham, 2009). This is selected in the study to

Personal Essay Example | Topics and Well Written Essays - 1250 words

Personal - Essay Example Secondly, one has to ensure that the business they are operating abides with the law. Dealing with un-licensed and illegal businesses has been one crime that the government has been fighting for many years. Those arrested due to operation of such businesses have always faced harsh penalties, in accordance with the set laws. Therefore, this paper seeks to answer some of the life questions that working adults have to resolve in their lives. What keeps me awake at night every day are my goals and priorities. Every night, I have to ensure that my day’s plans are accomplished. This is to ensure that I start my day without carrying forward any unaccomplished tasks. I have set my daily goals in which they have to be accomplished. Failure to accomplish them is an indication that my work is lagging behind. That is another indicator of laziness and lack of focus in life. This is the reason I have to ensure that a day’s target is achieved. Planning next day’s targets is another reason to stay up late at night. As the manager of my life, it’s my duty to ensure that I have outlined the things that am supposed to do and what I have to achieve on that day (Todd, 25-34). Therefore, no matter how engaging my day may have been, I must plan the next day’s targets and the way to achieve them. I believe in the slogan that says â€Å"failure to plan is planning to fail.† I have come to realize tha t those who go to bed without analyzing their accomplishments and their failures do not move forward. Therefore, I have made it a habit to analyze all that I have accomplished daily and what I have not. In addition, I have to get a reason for my failure to accomplish a certain task so that I may not repeat the mistake in future. Looking around my friends and those close to me, I get scared since I realize they do not have plans for the future. By future I mean plans for the next second, minute or day. Many of them