Nemov V.Yu.Trofimuk Institute of Petroleum Geology and Geophysics, Siberian Branch of Russian Academy of Sciences (IPGG SB RAS), Novosibirsk, Russian Federation void-pilgrim@mail.ru ORCID id: not available
Mishenin M.V.Trofimuk Institute of Petroleum Geology and Geophysics, Siberian Branch of Russian Academy of Sciences (IPGG SB RAS), Novosibirsk, Russian Federation ddkgollum@ya.ru ORCID id: not available
Subject In the face of external and internal challenges, oil and gas companies continue increasing revenues and profits. This contributes to the country’s economic growth, social safety nets funding, and discharge of foreign economic obligations of the State. However, long-term economic forecasting requires an in-depth structural and dynamic analysis of industry efficiency. Objectives Our aim is a comprehensive study of the structure and dynamics of financial and economic condition of companies’ operations in the oil and gas industry of Russia in the context of external and internal challenges. Methods The study draws on a set of research methods, economic analysis (historical, systems, cause-and-effect analysis, and others) and the analysis of time series, systematization and arrangement of data in tabular and graphical form to discover patterns and changes in indicators. Results We performed a quantitative assessment of the role of the oil and gas complex in the Russian economy, systematized external and internal challenges to sustainable development of the industry, made an integrated analysis of structure and dynamics of financial and economic indicators of oil and gas companies, considering the time factor. Conclusions The paper notes and explains the following: sales revenues were unstable, operating costs have steadily increased in recent years, the net profit in the oil and gas industry tends to decline (particularly this refers to gas companies) due to a threefold drop in gas prices on the European market.
Keywords: oil and gas industry, efficiency, revenue, profitability, tax burden
References:
Mastepanov A.M. [Global Oil Market in 2017–2018: Results and forecasts]. Problemy ekonomiki i upravleniya neftegazovym kompleksom = Problems of Economics and Management of Oil and Gas Complex, 2018, no. 4, pp. 8–25. (In Russ.)
Kontorovich A.E., Eder L.V., Filimonova I.V., Nikitenko S.M. Key Problems in the Development of the Power of Siberia Project. Regional Research of Russia, 2018, vol. 8, iss. 1, pp. 92–100. URL: Link
Eder L.V., Filimonova I.V., Nemov V.Yu., Provornaya I.V. [The gas industry of Russia: The current state and long-term development trend]. Mineral'nye resursy Rossii.Ekonomika i upravlenie = Mineral Resources of Russia. Economics and Management, 2014, no. 4, pp. 36–46. URL: Link (In Russ.)
Filimonova I.V., Eder L.V. [Some specific features of State regulation of performance efficiency of Russian oil and gas industry]. Problemy ekonomiki i upravleniya neftegazovym kompleksom = Problems of Economics and Management of Oil and Gas Complex, 2014, no. 9, pp. 15–21. URL: Link (In Russ.)
Larchenko L.V. [Oil of Russia: Use of income and the reproduction of raw-materials base]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2015, no. 41, pp. 2–12. URL: Link (In Russ.)
Eder L.V., Filimonova I.V., Nemov V.Yu., Provornaya I.V. [Current state and development prospects of oil and gas complex]. Mineral'nye resursy Rossii.Ekonomika i upravlenie = Mineral Resources of Russia. Economics and Management, 2017, no. 3, pp. 41–49. URL: Link (In Russ.)
Glaz'ev S.Yu. Ekonomika budushchego: Est' li u Rossii shans? [Economy of the future: Does Russia have a chance?]. Moscow, Knizhnyi mir Publ., 2016, 640 p.
Eder L.V., Filimonova I.V., Kozhevin V.D. [Efficiency analysis of the Russian oil and gas companies]. Problemy ekonomiki i upravleniya neftegazovym kompleksom = Problems of Economics and Management of Oil and Gas Complex, 2016, no. 3, pp. 9–18. (In Russ.)
Mkrtchyan G.M., Eder L.V., Filimonova I.V. [Effectiveness of Russian oil and gas companies in crisis]. Menedzhment v Rossii i za rubezhom = Management in Russia and Abroad, 2016, no. 2, pp. 48–57. (In Russ.)
Makarova Yu.V. [Energy strategy of Russia in oil and gas export: The factor of excess transport capacity]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2018, vol. 16, iss. 4, pp. 695–710. (In Russ.) URL: Link
Filimonova I.V., Eder L.V., Dyakun A.Ya., Mamakhatov T.M. [Comprehensive Analysis of the Current State of Oil and Gas Sector in Eastern Siberia and the Far East]. Vestnik Tyumenskogo gosudarstvennogo universiteta. Ekologiya i prirodopol'zovanie = Tyumen State University Herald. Natural Resource Use and Ecology, 2016, vol. 2, no. 1, pp. 43–60. URL: Link (In Russ.)
Malkina M.Yu., Pavlinova O.V. [Factor analysis and assessment of the mineral extraction tax revenues from oil production in the Russian Federation and regions]. Ekonomicheskii analiz: teoriya i praktika =Economic Analysis: Theory and Practice, 2015, no. 14, pp. 35–48. URL: Link (In Russ.)
Filimonova I.V., Eder L.V., Larionov V.G., Komarova A.V. [Rating of oil companies by level of tax burden susceptibility to macroeconomic and industry-specific factors]. Ekonomicheskii analiz: teoriya i praktika =Economic Analysis: Theory and Practice, 2018, vol. 17, iss. 12, pp. 1430–1443. (In Russ..) URL: Link
Larson T. Gas and Globalization: How Rising Production Affects Buyers. Pipeline and Gas Journal, 2017, vol. 244, iss. 9. URL: Link
Gulakova O.I. [Oil consumption in China, South Korea and Japan from the position of Russia's interests. Evaluation of structure, modeling and prediction]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2015, no. 30, pp. 25–45. URL: Link (In Russ.)
Vinogradova A.V. [Socio-economic contradictions of rental income distribution in oil-producing regions]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2015, no. 39, pp. 30–43. URL: Link (In Russ.)
