Performance evaluation of major integrated oil & gas companies

Admittedly, being as prime resource of energy, today oil sector in the grip of numerous negative factors, among which most influential are price, government regulation, supply & demand and geological conditions. With given cruel economic and geopolitical condition prevailed in the world, it is no doubt, gives a premise to wonder of whether global petroleum companies are able to sustain their performance efficiencies in the energy market. The central aim of the study is performance evaluation of major high ranked oil companies in volatile environment. The primary objective was achieved through insightful analysis of four major oil companies (BP, Exxon Mobil, Chevron, and Royal Dutch Shell). Research included Financial, Energy ratios analysis and Data Envelopment Analysis (DEA), in which non-parametric method evaluated the performance efficiencies of related companies. Findings of research has revealed that out of four analyzed companies, three of them has shown satisfactory level of performance. However, among all given corporations, results verified that Exxon Mobil found to be the most outstanding one. Because, notwithstanding to Global tough economic condition, followed by low crude oil price, according to study's selected inputs and outputs, it has shown the excellence from both its financial and operational aspects.