While major oil companies including Exxon Mobil have chosen to continue to operate under the integrated model, others, like ConocoPhillips, have spun off their refining businesses to concentrate on higher margin production units.
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We continue to expect annual global consumption to exceed annual global mine production by a significant margin over the next 10 years, a situation that has existed since about 1986.
Like many of its competitors, Exxon is putting its chips on higher-margin exploration and production operations.
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Hess has become the latest large-cap oil company to announce plans to shed its refining and downstream business to focus on high-margin exploration and production.
Majors producers like Conoco Phillips and Hess are moving along with plans to divest their downstream assets, which include refineries, in order to focus on higher-margin exploration and production.
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Higher production, capacity and efficiency "drove significant margin expansion" during the quarter, Chief Executive JifanGaoJifan Gao said.
Higher production, capacity and efficiency "drove significant margin expansion" during the quarter, Chief Executive Jifan Gao said.
Rollinson said mine optimization will be a factor going forward and that the company will focus on margin increases, rather than higher mine production at any costs.
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ConocoPhillips is at the forefront of the debate in the oil industry, having decided to get rid of its lower-margin downstream business and concentrate on exploration and production.
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We expect gross margin will improve significantly as we move into full production mode and absorb more of the fixed overheads.
Morgan, is that the companies are distracted by the difficulties in finding a good fit between existing production facilities, rather than focusing on non-production-related expenses, which eat up most of their margin, even in good years.
Because corn is increasingly used for ethanol production, it has decoupled from historical livestock cycles and changed the margin relationship between feed costs and the sale of livestock products.
This is because if high sales are only maintained by producing low margin vehicles and offer incentives then manufacturers have little interest in expand production.
Mittal could expand into Arcelor's high-margin markets, Arcelor could gain from Mittal's low-cost production.
The often low-margin assembly operations were hit hard by declining orders and rising cost of production.
If Saudi Arabia has to increase its production to cover Iran's oil, it would leave a razor-thin margin to cover for any other disruptions.
Otherwise, margin increase would come from offering an equivalent level of service at a better production-to-retail cost differential.
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Because it specialises in high-margin goods, with an emphasis on craftsmanship and design, it still manufactures 85% of its production in Italy.
Within two years these major European manufacturers, particularly BMW and Mercedes who sell upmarket cars and have the margin to innovate, will have all the components of an automated car on the road, in production vehicles.
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