Cash in the barrel 2013

Driving working capital excellence

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Oil and gas companies have made some strides in increasing WC efficiency, albeit with wide variations in the degree and pace with which each one of them was able to deliver these efficiencies.

Companies seeking to achieve further WC gains will need to get the balance right between tactical, operational and structural levers.

Short-term tactical levers might help to achieve desired benefits at a particular point in time, but operational and structural changes will drive more substantial and sustainable improvements in underlying WC-related processes and systems.

EY chart – working capital excellence