COVID-19 is having a strong effect on the demand for refined products and creating uncertainty around the financial resilience of many refining operations. As a result we believe refiners can benefit from a more aggressive look at ways to manage and identify cost savings in a way that protects cash flow and maintains an eye on long term performance and resilience as markets bounce back.
In the current market conditions KPMG’s data-driven approach to improving performance for our clients can be quickly deployed to look at the four stress areas and identify meaningful value levers for today and the long term.
