Bain & Company, Inc.: Helping Oil and Gas Companies to Compete in Highly Volatile Market

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Manny Maceda, CEO
Environmental concerns, declining reserves and high consumption, increasingly volatile oil prices, and regulation changes are reshaping the oil and gas industry. These factors escalate the complexity and risks for even the best-run companies. To adapt to this evolving landscape, outflank competitors, and thrive in the years ahead, it has become critical for oil and gas companies to identify ongoing energy demand and source trends. In order to deliver this ability, evaluate the risks and opportunities inherent in the industry, and implement solutions that produce enduring results for their clients, Bain & Company, Inc. works alongside oil and gas companies, at all levels of the organization. The global consultancy, founded in 1973, helps its clients achieve the benefits of a faster pace, success, multiplier effect, stakeholder alignment, and more. Bain & Company functions in several subsectors of the industry, including conventional and unconventional oil and gas exploration and production, midstream, refining and marketing, oil field service, and equipment manufacturing.

From maximizing the value of existing reserves to deploying the latest innovations in fossil fuels and alternative energy sources, Bain & Company helps clients such as national and commercial oil companies, renewable energy companies, oilfield service firms, private equity investors, and sovereign wealth funds. Bain’s motivated teams of oil and gas experts combine global experience, proprietary approaches, and insights to enable clients to respond to changes in the market and unlock significant value.

“Companies will be better positioned to compete in the oil and gas industry if they consider the three trends of the shift to new frontiers demanding innovation and human capital investment, governments embracing market solutions, and finding and producing petroleum more effectively,” says Manny Maceda, the CEO of Bain & Company, Inc. Observing these trends, the company considers what the client needs and innovatively addresses multiple business requirements comprising data analytics, change management, cost reduction, market expansion, customer experience, and more.

“We help clients develop a competitive advantage from their data and analytic assets by generating insights that yield better, faster decisions,” states Maceda.
Through Bain’s Advanced Analytics Group (AAG), the firm’s global team of advanced analytics and data science experts combine front-line techniques with the latest tools and technology. AAG helps clients insightfully resolve their unique challenges alongside predictive modeling, customer segmentation, pricing optimization, and more.

While only about 12 percent of companies successfully undergo transformations, Bain & Company has deep expertise and experience in-change management. The company helps clients reassess their original ambition and ensures the right leadership to deliver complete transformation. For instance, Bain & Company Transformation Catalyst reenergizes stalled or struggling transformations, helping companies achieve full-potential results.

Bain & Company offers Complexity Management, a proven approach that boosts revenue 5-40 percent and reduces costs 10-35 percent. The tactic also improves customer satisfaction, inventory turns, and margins. Also, Bain’s Lean Six Sigma, a practical and simple action-oriented approach, facilitates reduced waste and enhanced speed.

Technologically, Bain & Company enables clients to undergo a digital transformation as a winning strategy that serves today and tomorrow. The company applies its Radar 360 Strategy® “Today Forward, Future Back” method to deliver immediate, tangible benefits that boost clients’ digital future.

Overall, Bain & Company enables clients to build an operating model that unlocks their people’s full potential to effectively execute the clients’ strategy and represent their purpose. The company helps clients transform their operating model to simplify their organization, streamline their work processes, reveal digital opportunities, and unlock massive savings. Hence, Bain & Company helps clients focus on the activities that foster competitive advantage, lower costs, increased productivity, sustainable growth, and more.

With their work focusing on the three disciplines of primary research, advanced analytics, and big data, Bain’s technical expertise and experience, endeavors to combine the right mix of disciplines to each client, recognizing that every challenge is unique. Striving ahead, the company is exploring agility and leveraging industry-standard methodologies for generating customer loyalty.

Company
Bain & Company, Inc.

Headquarters
Boston, MA

Management
Manny Maceda, CEO

Description
Bain & Company, Inc. is a provider of oil and gas services, founded in 1973. The company helps oil and gas companies achieve the benefits of a faster pace, success, multiplier effect, stakeholder alignment, and more. Bain & Companyfunctions in several subsectors of the industry, including conventional and unconventional oil and gas exploration and production, midstream, refining and marketing, oil field service, and equipment manufacturing. In addition, the company maximizes the value of existing reserves and deploys the latest innovations in fossil fuels and alternative energy sources.Bain & Company helps clients such as national and commercial oil companies, renewable energy companies, oilfield service firms, private equity investors, and sovereign wealth funds.