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Capital Allocation Strategies for Sustained Growth in an Energy Business

Four ways to increase profits and market share
Four ways to increase profits and market share Capital allocation is the process of deciding how to allocate a company’s resources to maximize their impact and value. It is one… https://oilandenergyonline.com/articles/all/capital-allocation-strategies-sustained-growth-energy-business/

Is an Investment in a Bulk Storage Plant a Good Move?

First, determine if the benefits outweigh the risks
First, determine if the benefits outweigh the risks With the ever-changing dynamics of the energy market, heating oil and propane dealers are faced with new challenges and… https://oilandenergyonline.com/articles/all/investment-bulk-storage-plant-good-move/

Why You Need a Comprehensive Compensation Policy

Your most potent tool to retaining quality employees
Your most potent tool to retaining quality employees In the competitive landscape of the modern business world, the success of a propane or heating oil company, like any other,… https://oilandenergyonline.com/articles/all/why-you-need-comprehensive-compensation-policy/

Gray, Gray & Gray’s 2023 National Energy Survey Results Released

Staffing remains a challenge despite rising salaries, but companies remain optimistic about their futures
Staffing remains a challenge despite rising salaries, but companies remain optimistic about their futures Energy industry accounting and advisory firm Gray, Gray & Gray has… https://oilandenergyonline.com/articles/all/gray-gray-grays-2023-national-energy-survey-results-released/

Is Process Automation the Key to Higher Efficiency and Better Margins?

A more efficient company is a more profitable company
A more efficient company is a more profitable company As your energy business grows and expands, it is exponentially more important to maximize efficiency and productivity by… https://oilandenergyonline.com/articles/all/process-automation-key-higher-efficiency-and-better-margins/

Construction Begins at Massachusetts’ Utility-Scale Offshore Wind Project

Vineyard Wind moves forward with goal of 800-megawatt output
Vineyard Wind moves forward with goal of 800-megawatt output Vineyard Wind is currently building the nation’s first utility-scale offshore wind project off the coast of… https://oilandenergyonline.com/articles/all/construction-begins-massachusetts-utility-scale-offshore-wind-project/

Scripting a Successful Succession

Transfer of power doesn’t have to be dramatic
Transfer of power doesn’t have to be dramatic As far as television writers are concerned, running a family business is fraught with drama, with schemes and sabotage at every… https://oilandenergyonline.com/articles/all/scripting-successful-succession/

Who, What, How and When of Succession Planning

“Keeping it in the family” and keeping the family together
“Keeping it in the family” and keeping the family together The energy industry was built on the strong backs of family businesses. Many of today’s most successful propane and… https://oilandenergyonline.com/articles/all/who-what-how-and-when-succession-planning/

Buyers Don’t Buy What They Can’t See

Carefully preparing your company for sale can lead to higher offers.
Carefully preparing your company for sale can lead to higher offers. While the process of selling a business is similar for every company, the process of preparing for a sale can… https://oilandenergyonline.com/articles/all/buyers-dont-buy-what-they-cant-see/

It Pays to Plan Ahead When Selling Your Company

Secure your financial future, first.
Secure your financial future, first. The decision to sell your energy company is not an easy one to make. Whether you are a founder who has built up the business over many years,… https://oilandenergyonline.com/articles/all/it-pays-plan-ahead-when-selling-your-company/

Diversity, Equity and Inclusion on the Path to a Lower Carbon Future

The Chevron Way guides how the company works and establishes a common understanding of its culture and aspirations
Some corporations give lip service to diversity, equity and inclusion (DEI); at Chevron Renewable Energy Group, these initiatives are a part of its DNA. The company is guided by… https://oilandenergyonline.com/articles/all/diversity-equity-and-inclusion-path-lower-carbon-future/

Good Help Doesn’t Need to be Hard to Find

Hiring & Retaining Delivery Drivers and Service Technicians
Hiring & Retaining Delivery Drivers and Service Technicians A big challenge faced by energy dealers is hiring and retaining delivery drivers and service technicians. This article… https://oilandenergyonline.com/articles/all/good-help-doesnt-need-be-hard-find/

Transitioning to a Sustainable-Energy Industry

Liquid fuel providers can choose to succeed
Liquid fuel providers can choose to succeed None of us in the deliverable-fuels industry are strangers to the assault on fossil fuels, at least not now. It seems the constant… https://oilandenergyonline.com/articles/all/transitioning-sustainable-energy-industry/

Gray, Gray & Gray Opens the 2023 Energy and Propane Industry Survey

In April 2023, Gray, Gray & Gray opened their 2023 annual Energy Industry Survey and called for participants
In April 2023, Gray, Gray & Gray opened their 2023 annual Energy Industry Survey and called for participants. The survey is for oil, Bioheat® fuel and propane retailers and will… https://oilandenergyonline.com/articles/all/gray-gray-gray-opens-2023-energy-and-propane-industry-survey/

What to Do If Your Bank Fails

Important information on keeping your money safe
Important information on keeping your money safe High profile bank failures have recently returned to the headlines. While the financial situation is markedly different than the… https://oilandenergyonline.com/articles/all/what-do-if-your-bank-fails/

Solar and Wind Growth Soars in 2022

Power generation lies in state size and population
Power generation lies in state size and population A new report from independent research organization Climate Central shows how the national capacity to generate solar and wind… https://oilandenergyonline.com/articles/all/solar-and-wind-growth-soars-2022/

Women Bring Valuable Perspective to the Propane Industry

Diversity in corporate environments can increase profits
Diversity in corporate environments can increase profits As we all know, there is a lot to learn in the world of propane. It seems that’s the case even more so now with… https://oilandenergyonline.com/articles/all/women-bring-valuable-perspective-propane-industry/

The Value of Professional Advisors

Smaller companies can benefit from Boards of Directors
Smaller companies can benefit from Boards of Directors Being the CEO of an energy business can be a lonely job. Like many other types of vertical business segments, the energy… https://oilandenergyonline.com/articles/all/value-professional-advisors/

The Importance of Understanding Your Customers

Leaders of successful businesses in the propane and fuel oil industry fully understand and appreciate the importance of really understanding their customer relationships
“I think our customers really like our products. And we’re always trying to do better.” – Steve Jobs, founder of Apple Like the late Steve Jobs, leaders of successful… https://oilandenergyonline.com/articles/all/importance-understanding-your-customers/

Secure Your Propane Tanks with a High Security Locking System

Decrease Your Potential Liability and Protect Your Cashflow
Decrease Your Potential Liability and Protect Your Cashflow The Liability Risks of Poorly Secured Tanks I probably don’t have to remind you of the periodic judgments against… https://oilandenergyonline.com/articles/all/secure-your-propane-tanks-high-security-locking-system/

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