For the oil and gas sector, the operational and demand impacts of COVID-19 are further exacerbated by OPEC+ commitments to maintain high levels of output. As a result we believe PE and corporates 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.
