Strategic responses of petroleum companies to the oil price drop of 2014 : a multiple-case study on how investment and divestment behavior is shaped by internal and external firm factors
Journal: BIBSYS Brage (BIBSYS (Norway))
Year: 2017

The drop in oil prices in 2014 induced various strategic responses among international oil&#13;\nand gas companies. This master thesis explores how petroleum companies responded to the&#13;\noil price slump in terms of investments and divestments and how their internal and external&#13;\nfactors influenced these decisions. Internal firm factors are assessed from the perspectives of&#13;\nthe resource-based view and the theory of dynamic capabilities, while the external factors of&#13;\na firm ar