Financial Performance of Global Energy Firms
This case provides financial statement information for six integrated global energy firms. Four of the firms are headquartered in the U.S.-Chevron Texaco Corporation, ConocoPhillips Corporation, ExxonMobile Corporation, Marathon Oil Corporation-and two firms are headquartered in Europe-Statoil in Norway and TOTAL in France. The two years of data presented for each firm includes balance sheets, income statements, cash flow statements, common-size balance sheets and income statements, as well as selected financial ratios.
This case has been used in executive education programs, including oil and gas industry programs, to evaluate cross-sectional differences between the firms and to assess the overall financial performance of the energy industry, using such financial analysis techniques as common-size financial statements and financial ratios. It has also been used in oil and gas programs in a session devoted to analyzing an energy company's financial statements, i.e., time series analysis for a specific company, and to provide cross-sectional comparisons with other companies. It has been used in the financial statement analysis component of an introductory MBA financial accounting class to emphasize cross-sectional and time-series financial statement analysis.