0 | How does the concept of "Burn Rate" differ in the Oil & Gas industry compared to other industries, considering factors like capital intensity, volatile commodity prices, and the long lead times associated with exploration and development projects?asked July 28, 2024, 10:04 a.m. dwilcom 0 0 0 gold badges 0 0 silver badges 0 0 bronze badges |
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0 | In the Oil & Gas industry, burn rate is not a commonly used term in the same way it is in the startup world, where it refers to the rate at which a company spends money. However, there are some analogous concepts that are used in Oil & Gas:
In general, Oil & Gas companies tend to focus on profitability and cash flow rather than "burning" through capital like some startups might. It's important to note that burn rate could be used in a specific context within the Oil & Gas industry, such as a company's exploration and development expenses, or the rate at which a new technology or project is consuming resources. However, it's not a common or widespread term in the industry like some of the concepts listed above. answer July 28, 2024, 10:04 a.m. perkary 0 0 0 gold badges 0 0 silver badges 0 0 {% trans "bronze badges" } |
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