Industry Profiles
Oil and Gas DSO Drops, Bad Debt Allowance Rises
June 11, 2008
ExxonMobil photo
ExxonMobil Corp ranks third in credit
standards among the world's oil
giants. 2007 revenue: $404.5 billion.
No other industry impacts our global economy more than oil and gas. From energy to manufacturing to distribution, very little gets done until the tank gets filled. In 2006, total revenues for the oil and gas industry group of the Credit Standards Index (CSI) exceeded $2.2 trillion. Read below as CreditPulse reports on the credit and accounting benchmarks for 22 of the largest crude oil and natural gas companies.
The days' sales outstanding, or DSO, benchmark for the oil and gas industry comprised of the major multi-national oil companies using 2006 data dropped significantly from that of 2005, however, that improvement was offset by a slight increase in bad debt allowance. Petro Canada and Suncor Energy, also of Canada, tied for the best CSI score of 2.20 on a scale of 1 to 5.
