When the oil industry and the stock market get together, the affair is usually dynamic and not always pleasant. This book explains financial concepts in a nontechnical, practical way so that nonfinancial professionals and others may understand and appreciate this aspect of the business. It also includes abbreviations and definitions of key terms.

Offering a clear explanation of financial statements with a practical approach to the analysis of an oil company, this introduction contains tables, figures, and worksheets, and examples of analysis of virtually every aspect of an oil company are provided in detail. Financial quick-look techniques, rules of thumb, commentary, and a glossary are included.