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The End of Accounting and the Path Forward for Investors and Managers by Feng Gu, Baruch Lev

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Chapter 15Strategic Resources & Consequences Report: Case No. 4—Oil and Gas Companies

The oil and gas industry doesn't need a lengthy introduction; it is constantly in the news and often shapes national and international policies. The industry supplies the major source of energy to individuals and businesses—the lifeblood of all economies. But the general familiarity with the oil and gas industry is deceiving. The industry is exceedingly complex, and only few are familiar with the inner workings of oil and gas companies. While Exxon ...

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