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How Oil Companies Use Business
Intelligence To Maximize Prots
Angelo Randerson
Final Research Paper
Fall 2015
ISYS5347
The term maximizing profits is a term used in any board meeting of any for-profit
company. Companies use the term for profit or non-profit for a reason. When a company
is declared for profit they must do everything in their power to maximize profits. Oil and
Gas companies are no different, as they are searching for ways to maximize profits on a
daily bases. Most oil companies spend between 500k – 1 million dollars per day, per
operation when exploring for oil and gas. With numbers of that magnitude they must find
ways to cover the expenditure and maximize profits. In this paper I will explore and
provide reason on how and why oil companies use business intelligence to help with
maximizing their profits.
To understand how business intelligence can help oil and gas companies
maximize their profits we must first understand what business intelligence is. By
