Description
This report examines and compares the budgets, staffing levels, organizational structure composition, and projections for future changes in budgets, staffing and structure of a broad spectrum of investor relations (IR) departments at oil and gas companies around the globe.
For many years, investor relations (IR) was a pretty straightforward function. Public companies’ IR departments calculated their financial statements and communicated them to investors and regulatory authorities. While this basic objective remains today, the IR function has evolved to fulfill more important objectives in a business environment characterized by a greater importance of digital communication, shifting corporate structures, and increased regulations and disclosure requirements, among other trends.
IR departments may have started out with a seemingly basic mission of informing shareholders, but they have become a much more sophisticated – even mission-critical – function over the last few decades. Today, companies hire investor relations professionals with deep subject matter expertise. As a result, experts in accounting, legal and banking functions are increasingly filling IR roles.
With the commodity price of oil improving, today’s oil and gas investor relations departments are focused on adopting new technologies to improve financial reporting and investor engagement. More specifically, they are fine-tuning resource allocation and skill sets to achieve key objectives, including:
- Increasing the perceived value of their mission among the C-suite
- Integrating non-financial insights into financial data reporting
- Seeking investor engagement on key issues and important events
- Supporting executive remuneration analysis and decision making
- Informing executive board and C-suite decisions
- Increasing roadshow activity levels targeting potential new investors
- Finding new and improved ways to measure results and value added
Energy Decisions Group developed this report to examine and compare the budgets and spending practices, staffing levels, organizational structure composition, reporting relationships, and projections for future changes in budgets, staffing and structure of a broad spectrum of oil and gas companies’ investor relations departments. This benchmarking report examines numerous related issues, such as:
- annual budget data, including budget breakdowns into major spending categories,
- department headcount metrics (in-house and contract) and staffing breakdowns by seniority level, and
- staffing benchmarks to enable comparative analyses by company size and other factors.
Data and Insights Included in This Report
- Investor relations department budgets
- Investor relations budget outsourcing data
- Projections for changes to investor relations budgets in the coming years, including factors driving those changes
- IR staffing headcounts (internal employees and contract workers) broken down by seniority level
- Trends and analysis of companies’ future plans for staffing in the next few years, including factors driving changes to investor relations headcounts
- Analysis of IR organizational structures (stand-alone departments vs. multi-functional departments which include other functions, such as finance, corporate affairs, shareholder communications, etc.)
- Comparisons of centralized, decentralized and matrix organizational structures
- Reporting relationships to executive management
- Plans for re-structuring investor relations departments in the next few years
Why Buy This Report
- Benchmark investor relations budgets and spending practices at other oil & gas companies around the globe, including those based in Australia, Canada, Romania, Russia, United Kingdom, and the United States
- Compare your department’s staffing resources to those of other companies
- Right-size your department’s staffing levels
- Make the case to management for additional budget and staffing resources
- Understand how organizational structure supports or hinders business performance
- Inform decisions about departmental organization and reorganization
Report Contents:
Executive Summary
Summarizes the key findings of our research and develops implications and recommendations
Analysis of Companies Analyzed and Executives Consulted in This Study
Provides summary information and insights about the companies that we examine in this report and the executives who contributed to this research.
Investor Relations Budget Allocations and Analysis
Includes analysis of investor relations budgets, outsourcing, projections for future spending changes, and related trends at benchmarked companies.
Investor Relations Organizational Structure Insights and Analysis
Delves into the details of companies’ investor relations department organizational structures, assessments of reporting relationships, and companies’ plans for organizational restructuring in the next few years.
Investor Relations Staffing Levels and Analysis
Includes detailed examinations of investor relations staffing levels, including breakdowns of headcounts (as measured in full-time equivalents, or FTEs) at various seniority levels, as well as break-downs of internal company employees versus contracted staffers. Includes analysis of the reporting relationships at the senior-most levels, including the titles and roles of the top executives that oversee investor relations and the executives to whom they report, as well as projections for changes in staffing in the next few years. Also examines IR staffing as compared to key benchmarks, including companies’ total number of institutional investors and total overall headcounts.
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