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Certificate in Financial Management for Oil and Gas Companies & Petrochemical Industries

An Interactive 5-Day Training Course

Certificate in Financial Management for Oil and Gas Companies & Petrochemical Industries

Appraisal of Long-term Investment in Oil & Gas

NASBA
Classroom Schedule
Date Venue Fees
20 - 24 Apr 2026 Dubai $ 5,950
15 - 19 Jun 2026 Dubai $ 5,950
21 - 25 Sep 2026 London $ 5,950
09 - 13 Nov 2026 Houston $ 7,950
23 - 27 Nov 2026 Dubai $ 5,950
01 - 05 Feb 2027 Dubai $ 5,950
Online Schedule
Date Venue Fees
23 - 27 Nov 2026 Online $ 3,950

Course Summary

When the training course addresses a number of economic, legal, accounting, taxation, auditing, budgeting, controlling, planning, information system, managerial and strategic planning issues in a context, it is our Financial Management course. This certificate course provides a deeper knowledge of accounting in the oil industry and introduces the tools of financial analysis and management. Participants will receive knowledge that can be shared among their colleagues and departments. The Certificate in Financial Management for Oil and Gas Companies & Petrochemical Industries training course will introduce the practical realities of today’s world and understanding of the various financial techniques available that enable delegates to communicate better with financial professionals and become more effective managers.

Skills & Competencies

From this Certificate in Financial Management for Oil and Gas Companies & Petrochemical Industries training course, participants will develop the following key skills and competencies:

  • Industry-specific financial analysis capability
  • Cost analysis and control proficiency
  • Cash flow management skills
  • Financial reporting and statement interpretation
  • Capital budgeting and investment decision skills
  • Working capital optimisation knowledge

Key Learning Outcomes

At the end of Certificate in Financial Management for Oil and Gas Companies & Petrochemical Industries training course, you will learn to:

  • Analyse financial statements including income, balance sheet, and cash flow statements.
  • Apply cost analysis and control techniques relevant to the oil & gas sector.
  • Utilise financial ratios to interpret organisational financial performance.
  • Determine cost of capital and optimise financial structure for decision-making.
  • Manage cash and working capital to enhance financial performance.

How You Will Learn

Learning develops through structured analysis of financial principles, case studies from the oil & gas and petrochemical sectors, and group exercises that reinforce financial management practices. Participants reflect on real-world financial scenarios and apply financial tools and techniques that strengthen financial decision-making and analytical capabilities.

Who should Attend?

This training course is designed for professionals responsible for financial performance, reporting, and financial decision-making within energy and related sectors.

This Certificate in Financial Management for Oil and Gas Companies & Petrochemical Industries training course is suitable to a wide range of professionals but will greatly benefit:

  • Corporate accountants and financial controllers
  • Treasury and management accountants
  • Finance staff in general accounting, payables, receivables, inventory
  • Joint venture accountants and auditors
  • External, financial, and internal auditors
  • Government regulators and financial analysts

 

Course Outline
Day 1

Overview of Accounting & Financial Essential in Oil & Gas Sector and Petrochemical Industry

This day introduces participants to accounting and financial essentials specific to the oil and gas sector and petrochemical industry. Participants explore macroeconomic influences, revenue recognition, and key accounting approaches.
The topics covered will include:

  • Latest Events in the Oil & Gas Sector - price volatility and supply & demand changes
  • The Nature of the Petrochemical Industries
  • Managing the Macro-economic Factors, e.g. interest rates, exchange rates, oil prices
  • Resources & Reserves

Major Accounting Issues in the Oil & Gas Sector and Petrochemical Industry

  • Revenue Recognition
  • Costs in Acquisition, Exploration, Development and Production of New Oil or Natural Gas Reserves
  • Break Even Oil, Cost Oil & Profit Oil
  • Accounting Approaches - The "Successful Efforts" (SE) Method or the "Full Cost" (FC) Method
  • IFRS in Relation to the Oil & Gas Sector and Petrochemical Industry

 

Day 2

Financial Management in the Oil & Gas Sector and Petrochemical Industry

This day focuses on analysing financial statements and understanding financial performance measurement. Participants learn how to interpret income statements, balance sheets, and cash flow statements. The topics covered will include:  

  • Oil and Gas Company Financial
  • Financial Statement Analysis in the Oil & Gas Sector and Petrochemical Industry
  • Profit and Loss Account (income statement)
  • Balance Sheet
  • Cashflow Statement and Its Importance
  • Measurement of Operating Performance
  • Measures of Financial Performance and Financial Position
  • Risk Measurement
  • Limitations of Ratio Analysis
  • Annual Reports Analysis
Day 3

Financial Structure Costing and Decision-Making

This day explores financial structure, costing systems, and decision-making processes that support financial optimisation in the sector. The topics covered will include:  

  • Financial Structure
    • Cost of Debt
    • Cost of Equity
    • Weighted Average Cost of Capital (WACC)
    • Optimal Capital Structure
  • Costing
    • Fixed Costs, Variable Costs, and Overheads
    • Overhead Allocation, Absorption and the Use of Activity Based Costing (ABC)
    • Expenses vs. Inventory (stock valuation)
    • Contribution Compared with Profit
  • Decision-Making
    • Make vs. Buy Decisions
    • Shut-down or Contribution Decisions
    • Product Mix Decisions and Limiting Factors
    • Decisions Trees
Day 4

Capital Budgeting & Financial Ratio Analysis

This day develops participants’ ability to apply capital budgeting techniques and financial ratio analysis to investment decisions. The topics covered will include:

  • Capital Budgeting
    • Capital Rationing
    • Ranking Investment Projects
    • Inflation and Investment
    • Using Expected Values and Standard Deviations to Make Decisions
    • Purposes of Budgeting
    • The Budget Process
    • Activity based Budgeting
    • Uncertainty and Risk – worst and best outcomes
    • Maximin and Minimax Regret Rules
  • Financial Ratio Analysis
    • Types of Ratios
    • Dupont Analysis – Evaluating and Improving Return on Equity (ROE)
    • Evaluation of Share Price and Investment Performance
    • Evaluating the Financial Performance of Leading International Companies in the Sector
Day 5

Valuation of Oil & Gas Company and Petrochemical Industry

This day focuses on valuation methods and working capital management to support operational financial decisions. The topics covered will include:  

  • Types of Valuation Methods
  • Payback
  • Net Present Value
  • Internal Rate of Return
  • Discounted Payback

Working Capital Management and Cash Improvement

  • Working Capital and Working Capital Requirement
  • Managing Working Capital
  • Cash Improvement Techniques
  • Cash Management and the Banking Facilities
  • Mergers and Acquisitions Practices Today
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this training course in-house allows organisations to tailor financial management principles and sector-specific scenarios to their operational context. Customisation enables finance teams to strengthen analytical capability, improve financial oversight, and embed tools that support profitability and financial resilience.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Certificate in Financial Management for Oil and Gas Companies & Petrochemical Industries training course:

  • Improved financial reporting and interpretation
  • Enhanced strategic financial decision-making
  • Greater capability in managing cash flow and working capital
  • Stronger cost analysis and control systems
  • Better alignment with international accounting standards
  • Increased confidence in financial communication and leadership
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

View All Training Locations

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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