The analysis of Production, Sales and Profit trends of the selected oil companies indicates good performance during the study period. The analysis of profitability of selected oil companies showed the efficiency of oil company in utilizing their resources effectively in generating the return. Good financial management is especially essential for start-ups, which need it for their survival. It is also important to an organization even if the profits are not in any way the motivation. The Management may be able to avoid disastrous business situations by assessing their firm¿s long-term financial health. Setting goals and strategies to reflect market conditions competition and operational capability are vital elements firm¿s long-term financial health. Setting goals and strategies to reflect market conditions competition and operational capability are vital elements in maintaining growth and ensuring healthy business program. The step-by-step process described in this article provides a great tool for managers to use when assessing the long-term health of the business.