Shareholders

The field development plan s prime purpose is to serve as a conceptual project specification for subsurface and surface facilities, and the operational and maintenance philosophy required to support a proposal for the required investments. It should give management and shareholders confidence that all aspects of the project have been... 

The volumetries of a field, along with the anticipated recovery factors, control the reserves in the field those hydrocarbons which will be produced in the future. The value of an oil or gas company lies predominantly in its hydrocarbon reserves which are used by shareholders and investors as one indication of the strength of the company, both at present and in the future. A reliable estimate of the reserves of a company is therefore important to the current value as well as the longer term prospects of an oil or gas company. 

Keywords economic model, shareholder s profit, project cashflow, gross revenue, discounted cashflow, opex, capex, technical cost, tax, royalty, oil price, marker crude, capital allowance, discount rate, profitability indicators, net present value, rate of return, screening, ranking, expected monetary value, exploration decision making. 

From an overall economic viewpoint, any investment proposal may be considered as an activity which initially absorbs funds and later generates money. The funds may be raised from loan capital or from shareholders capital, and the net (after tax and costs) money generated may be used to repay interest on loans and loan capital, with the balance being due to the shareholders. The shareholders profit can either be paid out as dividends, or reinvested in the company to fund the existing venture or new ventures. The following diagram indicates the overall flow of funds for a proposed project. The detailed cash movements are contained within the box labelled the project . 

From this overview it is apparent that the project must generate sufficient return on the funds absorbed to at least pay the interest on loans and pay the dividend expected by the shareholders. Any remaining cash generated can be reinvested in the same or alternative projects. The minimum return expected from the investment in a project will be further discussed in Section 13.4. 

The oil company s after-tax share of the profit is then available for repayment of interest on loans, distribution to the shareholders as dividends, or reinvestment on behalf of the shareholders in this or other projects. 

GE Improving the quaUty of life through technology and innovation interdependent balance between responsibiUty to customers, employees, society, and shareholders (no clear hierarchy) individual responsibiUty and opportunity honesty and integrity. 

Although numerous cases have been documented where petroleum refineries have simultaneously reduced pollution outputs and operating costs through pollution prevention techniques, there are often barriers to their im-plementation. The primary barrier to most pollution prevention projects is cost. Many pollution prevention options simply do not pay for themselves, or the economics often appear marginal. Corporate investments typically must earn an adequate return on invested capital for the shareholders and some pollution prevention options at some facilities may not meet the requirements set by company policies. 

A good place to gain insight into your company s business priorities is your annual report, which, along with other shareholder communications (quarterly reports, proxy statements), probably contains some discussion of overall corporate goals. 

As indicated previously, PSM information and messages have different values for different audiences. Your company s workforce has a more immediate and specific interest in the initiative than people who are less directly affected, such as plant neighbors, shareholders, or the general public. This doesn t mean confining communications efforts solely to company employees it simply suggests that you organize communications priorities to reflect levels of interest and information needs. 

A treasurer s office s system for monitoring shareholder composition... 

Stakeholder is a person or group that has a legitimate interest in the facility. For a facility handling hazardous chemicals, examples could be employees, neighbors, the board of directors, shareholders, and the regulatory community. 

Stoft, S. Eto, J. and Kitom M. 1995. DSM Shareholder Incentives Current Designs and Economic Theory. LBL-38059. Berkeley, CA Lawrence Berkeley National Laboratory. 

Established in 1946, with a subscribed capital fund of 7.67 million, the primary mission of the World Bank is to combat poverty by securing low cost funding for sustainable development. The largest shareholder is the U.S., followed by the United Kingdom, Japan, Germany, and Eranee. 

Company A has an authorized and issued share capital of 300,000 ordinary shares of 1 each held by five shareholders. After many years of successful trading, it is decided to seek a listing on the Stock Exchange. The capital is increased to 3 million and is then divided into 12 million shares of 0.25. Of these, 8 million are offered for sale to the public at 1 each. Subject to the costs of the issue, this will raise 8 million of fresh capital, some of which will be used in the business and some will go to... 

The original shareholders ownership of the business has declined from 100 per cent to 33.3 per cent, and it may be necessary for the owners to accept the appointment of further directors from outside the business, possibly in a non-executive capacity. 

Shareholders funds- -Long-term loans- -Deferred taxation 2,555 X 100/11,880 = 21.5%... 

At the time of better life, the Consumer Division was headed up by the late Stafford Taylor and, as well as improving shareholder value and customer satisfaction, he wanted the change to benefit employees and the wider community. 

How will it raise the organization s profile in the eyes of customers and shareholders ... 

The overproduction of a wide variety of proteins has now been achieved in . coli and other cloning hosts. Many of these proteins are in chnical trials and, as indicated earlier, over a dozen are already on the market. The current status of many of these proteins is summarized in Table 24.2. The efficacy of mai r of the proteins listed remains to be determined because until the advent of recombinant DNA technology sufficient quantities were not available to enable clinical trials to be undertaken. It should be noted that clinical efficacy alone is not sufficient. Maiket size isjust as important since it can cost up to 50 million to bring a new dmg to the market place and company shareholders expect a good return on their investment. 

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