Companies in the oil and gas industry must invest heavily to further exploration, production, and refining, yet they face growing challenges. The recent past has seen historic revenue and profit growth at the major oil and gas companies, but they now face an unprecedented economic backdrop. With decreased global demand and a precipitous drop in oil prices, their operations and balance sheets are under stress. Project portfolio management solutions, such as those from Oracle, enable project leaders to successfully manage risk, even in this volatile climate. They also enable companies to identify the best strategies for pursuing existing projects and to identify the most-promising future projects for investment.