COMPANY PROFILE -OneOK
Business Sector :Natural Gas Utility
Operating Geography :United States, North America.
About OneOK :
OneOK Inc. is a diversified natural gas company headquartered in Tulsa, Oklahoma. In 1906, the company was founded and named Oklahoma natural gas company and later it changed its corporate name to ONEOK in December 1980. It leverages the talent of around 2,800 employees as of early 2021. OneOk's Energy Services operation's focal point is on marketing natural gas and services related to it throughout U.S. OneOK owns one of the nation’s premier natural gas liquids (“NGL”) systems, joining NGL supply in the Rocky Mountain, Permian and Mid-Continent regions with main market center and a large-scale network of natural gas gathering, processing, storage and transportation assets. It applies its core capabilities of gathering, processing, fractionating, transporting, storing and marketing natural gas and NGLs through vertical integration across the midstream value chain to supply its customers with premium services while generating consistent and sustainable earnings growth. In 1907, ONG (Oklahoma Natural Gas) constructed a natural gas pipeline from the Osage fields to Oklahoma City and also built the first gas pipeline compressor station in the state in 1910. In 2020, the company expects to increase its growth through increased NGLs from Rocky Mountain region and Permain Basin operation to the Gulf Coast market center. In 2018, ONEOK received the 2018 Horizon Award from the Chamber of Commerce in Sidney, Montana. It recognizes businesses breaking new ground and moving forward.
OneOK's USP or Unique Selling Proposition lies in it being a leading midstream service provider in United States. OneOK's mission statement reads, "We provide responsive, flexible service to customers, and commit to preserving the environment, providing a safe work environment and improving the quality of life for employees where they live and work".
OneOK Revenue :
$ 10,166.5 million – FY ending 31st December 2019 (Decline 19.28%)
$ 12,595.3 million – FY ending 31st December 2018
Competitive Analysis of OneOK
The SWOT analysis for OneOK is presented below in a table followed by the detailed analysis report.
Strengths | Weaknesses |
1. Leading midstream NGL service provider
2. Strong business model with proven performance through integrated, reliable and diversified approach
3. Strong balance sheet with increased net income
4. Fortune 500 firm with multiple recognitions
5. Expanding reliable NGL services with strong acquisition and merger strategy
| 1. Dependence on performance of upstream oil and gas industry
2. Volatility in crude oil prices is impacting profit margin
|
Opportunities | Threats |
1. Using the strong financial position to take on major projects not accessible to small players
2. Create dominant infrastructure position within multiple basins
| 1. Disruption in operations due to pandemic
2. Rising demand of renewable energy as a substitute to NGL
3. Highly competitive market amidst slowdown.
4. Increased regulation in crude oil exploration and productivity
|
ONEOK SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed SWOT Analysis of OneOK
Strength
1. Leading midstream NGL service provider: ONEOK, Inc. is a major natural gas liquid midstream industry connecting NGL supply in the Rocky Mountain, Mid-continent and Permian regions to the extensive network of markets. ONEOK is leading the midstream and it also owns nations premium NGL systems. This company applies its core capabilities for gathering NGL from suppliers and further takes part in processing, fractioning, transporting, storing and marketing it. ONEOK has a strategy to operate in a safe environment maintaining the health and safety of its workforce, maintain strong financial capability and flexibility to keep investing in growth and finally to connect crude oil and natural gas producers to market or buyers. This strategy has helped ONEOK to lead the midstream industry.
The remaining section of “Strength” is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threats
1.Disruption in operations due to pandemic: COVID-19 has spread at an alarming rate infecting all the countries and bringing trade, businesses, investments and other economic activities to a standstill. This pandemic is expected to impact most countries with worst recessions and bring down per capita income since 1870. If the situation persists for a longer duration there would be prolonged disruption in economy leading to deeper recessions. Global market coming to an economic stand still pose a threat and translates to poor financial results, increasing input cost and cutting down on capital expenditure. This is by and large impacting mid-stream companies like ONEOK posing a threat to its future operations.
The remaining section of “Threats” is available only in the 'Complete Report' on purchase.
The PESTLE / PESTEL analysis for OneOK is presented below in a table followed by the detailed analysis report.
Political | Economical |
1. Modification of NAFTA to USMCA has been welcomed by oil and gas industry
2. Trade war and geopolitical instability is impacting operations
3. Trade sanctions on Iran will influence NGL midstream companies
| 1. Fluctuations in crude prices have impacted operations
2. Weaker global economic condition has put strain on NGL market
|
Social | Technological |
1. Increasing inclination of consumer towards clean fuel
2. Dirty, difficult and dangerous oil and gas industry makes millennials shun job opportunities
| 1. Incorporation of SCADA, OGI and PID for better control and optimized performance
2. Reducing risks through data analytics and IoT through IBM Maximo
|
Legal | Environmental |
1. High operational risk due to multiple federal and state regulations relating to health, safety and environment | 1. Combating climate change through reduction in GHG emissions
2. Recycling, waste reductions and other environmental efforts have been conducted
3. Valuing and conservation of biodiversity during setting up of operational projects
|
ONEOK SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of OneOK
Political
1. Modification of NAFTA to USMCA has been welcomed by oil and gas industry:NAFTA, North American Free Trade Agreement was a treaty signed between the US, Canada and Mexican government. NAFTA has been modified and will now be replaced by USMCA United States Mexico Canada Agreement. USMCA has better version of NAFTA and it increases the bond of the greatest partnerships in the world. Oil and gas industry has welcomed this as there won’t be taxes or tariffs on flow of energy across North America. This will be a game changer as the oil and gas sector is deeply integrated and well interconnected. United States and ONEOK will look forward to a positive economic impact leading the energy production with soaring imports from Canada and Venezuela.
The remaining section of “Political" is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- Enterprise Products Partners
- Enable Midstream Partners
- The Williams Companies
ONEOK SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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OneOK Porter's Five Forces Analysis |
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OneOK Value Chain Analysis |
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OneOK Covid-19 Impact Analysis |
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OneOK Segmentation, Targeting and Positioning (STP) Analysis |
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OneOK Ansoff Matrix Analysis |
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Check Out Analysis of Other Relevant Companies
References used in OneOK SWOT & PESTLE Analysis Report
1. ONEOK 2019 ANNUAL REPORT - https://ir.oneok.com/~/media/Files/O/OneOK-IR-V2/financial-reports/2020/2019-oke-annual-report.pdf
2. Nine “genius” moments with the oil and gas industry in Houston - https://www.ibm.com/blogs/internet-of-things/iot-nine-genius-oil-and-gas-houston/
3. Why young people don’t want to work for oil and gas companies - https://insights.energydais.com/young-people-oil-and-gas-companies/
4. Editorial Comment: The future of refining lies in clean fuels - https://www.hydrocarbonprocessing.com/magazine/2017/february-2017/columns/editorial-comment-the-future-of-refining-lies-in-clean-fuels
5. Investor Update August 2020 - https://ir.oneok.com/~/media/Files/O/OneOK-IR-V2/financial-reports/2020/08-20-investor-update.pdf
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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OneOK SWOT and PESTLE analysis has been conducted by Akshay Mohan and reviewed by senior analysts from Barakaat Consulting.
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