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Cox School of Business

Financial Skills for the Energy Industry

Available dates

Mar 30—Apr 2, 2020
4 days
Dallas, Texas, United States
USD 4995
USD 1248 per day

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About the course

Hundreds of executives have chosen our Financial Skills program for its concentrated coverage of financial management techniques uniquely tailored to the complexities of their industry.

Formerly "Developing a New Generation of Energy Leaders: Strategic Financial Skills," this intensive three and a half day program uses a hands-on approach to help you understand and master the energy sector's financial essentials. Your instructors are all Cox faculty with significant experience in executive development, consulting and financial management.

You'll share ideas and discuss industry issues with participants from around the world in small discussion groups and lively classroom sessions. You'll connect with mid-level to senior-level professionals from many segments of the energy industry and a variety of functional areas within their companies. In a series of information-packed class sessions, you'll develop essential financial acumen skills for the energy industry. By the end of the program, you'll have a working knowledge of the key areas of financial management. After completing this executive energy program, you will receive a certificate.

Topics

Value creation

  • Focusing on the creation of value rather than operational measures of success; how managerial decisions affect the firm's value

Capital investment and project evaluation.

  • Basic discounted cash flow concepts; estimating cash flows and determining the appropriate cost of capital; comparing capital expenditure techniques—payback, IRR, NPV, etc.; reappraising the project decision—some "softer" issues to consider after the numbers have been run.

Financial accounting techniques.

  • Understanding the three primary financial statements—income statement, balance sheet and cash flow statement; distinguishing between reported profit and cash flow; analyzing published oil and gas company annual reports; reporting the results of oil and gas firms—full-cost vs. successful-effort vs. standardized-measure data required by the SEC

Financing large energy projects.

  • Comparing project financing to internal financing; creating value by efficiently allocating risk; understanding how capital markets evaluate risk and return in infrastructure projects; assessing bond rating process

Financial engineering.

  • Demystifying derivatives; understanding forwards, futures, swaps and options; weighing the benefits and risks of hedging programs

Who should attend

  • Mid-level and senior-level non-financial managers wishing to achieve financial literacy in an energy-industry setting
  • Financial managers wishing to sharpen their skills, broaden their base of knowledge and relate their functional skills to a broader, general management context

Trust the experts

Michael Davis

Bio Michael Davis, Ph.D., specializes in the intersection of government and business. An expert in economic theory, he has researched topics ranging from how to measure the value of publicly funded sports facilities to the question of why politicians lie. He is a frequent commentator on the Texa...

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Hemang Desai

Bio Hemang Desai’s research is interdisciplinary and is broadly focused in the area of capital markets based research in accounting and finance.  His research has addressed a wide range of topics such as analyzing the role of short sellers in capital markets, reputational consequences to manager...

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Amar Gande

Bio Amar Gande is an associate professor of finance at the Southern Methodist University (SMU) Cox School of Business, where he joined the faculty in 2006.  Dr. Gande previously taught at Vanderbilt University.  He holds a PhD in finance from New York University. His teaching and research int...

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Kumar Venkataraman

Bio Kumar Venkataraman is the James M. Collins Chair in Finance at the Cox School of Business at Southern Methodist University.  He has a PhD in finance from Arizona State University.  Between 2012 and 2015, he served as the chairman of the finance department. Research Venkataraman speciali...

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Michael Vetsuypens

Bio Dr. Michel Vetsuypens is a professor of finance at the Edwin L. Cox School of Business, Southern Methodist University (SMU), Dallas, Texas.  Dr. Vetsuypens teaches corporate finance and international finance in the undergraduate, the MBA, and the Executive MBA programs, and is actively invol...

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Bruce Bullock

Bruce Bullock is director of the Maguire Energy Institute in SMU's Cox School of Business. The Institute fosters the study of management, marketing and policy issues related to the energy industry. Bullock frequently provides expertise on oil, gas and other energy industries. He and the Institut...

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Course reviews

Financial Skills for the Energy Industry Seminar