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Downstream Oil and Gas and Petrochemicals

Energy refineries and distributors face some of the biggest challenges they’ve seen in decades.

Headlines may focus on volatile energy prices, but downstream companies face a host of other risks. Topping the list are ongoing developments in industry restructuring, deregulation, and corporate consolidation. What’s needed to stay competitive is a long-term strategy for improving operational efficiency, reducing costs, and protecting revenues and margins.

Surging US supplies of low-cost natural gas and natural gas liquids are transforming the domestic petrochemical industry. Among the biggest changes is an unprecedented wave of investment: companies and investors have already announced planned capital expenditures in excess of $70 billion by 2020 and $100 billion by 2023. But to fully capitalize on these new opportunities in petrochemicals, companies must develop new strategies for the US market.

Seizing the Opportunity in U.S. Petrochemicals

Energy & Environment

Harnessing the Power of Volatility in Downstream Oil & Gas

To succeed in today's environment of high volatility and regulation, refining and petrochemicals companies must focus on achieving excellence in operations to maximize gross margin, excellence in plant management, and excellence in commercial offerings, explains BCG's Jaime Ruiz-Cabrero. The partner and managing director has found that working alongside companies to achieve these goals has helped those organizations realize additional gross margins of $1 to $3 per barrel.

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