Risk evaluation criteria in the oil and gas sector

How are oil and gas companies evaluating their risks and are there any common trends that stand out in the sector?

Fill in the form to request to see the pulsecheck report which we created in response to the priority of a Risk Leadership Network member.

oil and gas benchmark


This bespoke benchmark gives you in-depth insight from interviews with risk leaders at five global oil and gas companies. We asked them:

  • Which risk evaluation tool(s) they use (i.e. the risk matrix);
  • The content within their matrix;
  • How risk evaluation is applied throughout the business
  • Which risk-related activities are risk leaders are prioritising when developing a calendar?
  • How can risk leaders make the most of limited resources, as a small, centralised team, to have the greatest impact on the business?
  • What areas do risk leaders and their teams want to prioritise in the next three years?

*Subject to qualification. We're only able to show this data to prospective members - in-house corporate risk leaders at large non-financial institutions in Europe, MENA and Asia-Pacific. We'll send you a meeting invite so we can explore the results with you and provide more context.

Fill in this form to request see the benchmark*


Who has taken part in the benchmark?

Five CROs/heads of risk at five oil and gas companies, ranging in market capitalisation from US$2bn to US$100bn.

What data is included?
  • Details of the risk evaluation tool(s) risk leaders are using (i.e. the risk matrix).

  • The content within their matrix, with an analysis of trends for each area (e.g. People, Regulation, Environment, Financial etc)

  • Approaches to application of risk evaluation through the business
How was the data collected?

Five risk leaders in the oil and gas sector were interviewed by Risk Leadership Network, through a series of mostly open-ended questions.

Why did you create this benchmark?

We developed this benchmark to support a Risk Leadership Network member on their specific risk priority:  to benchmark their approach to their risk matrix, and to assessing financial impact for top risks, with other companies in the oil and gas sectors. 

We followed this up by facilitating a bespoke meeting for this member with other risk leaders who had practical insights to share in this area.

Do you have any other benchmarks?

Yes, we regularly create benchmarks or pulsechecks  in response to our members' priorities. Take a look at some of our latest benchmarks here. Through our bespoke, concierge "network assistance" service, we deliver these niche reports in a timely way to meet the exact needs of the organisation who requested it. Of course, the benchmarks are often useful for other organisations too and we share the results. If you'd like us to create a benchmark for your organisation, please fill in this form and we'll get back to you with a time-frame and membership proposal.

How do I get hold of this report?

Please fill in the form and we'll present the key findings to you*, and discuss how our members are leveraging the data in the report to operationalise and accelerate ERM better practice.

Due to the high value data in the report, we only send the report to members of Risk Leadership Network.

*Subject to approval. We're only able to meet with you to show you the data if you're a prospective member (i.e. a practising risk leader at a large non-financial organisation in Europe, Asia-Pacific or MENA). 

Can Risk Leadership Network carry out a benchmark for me?

Yes. Members of Risk Leadership Network work with a network manager to make sure we meet your risk priorities. If there's an informal benchmark that would assist you in your priorities, we'll create it for you in a timely manner. Most benchmarks are complete within 8 weeks of request. Tell us more about the benchmark you need and we'll get back to you with timescales and a membership proposal.

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