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Financial Analytics: Science and Experience
 

Financial and operating performance of the world's major public oil and gas corporations as an indicator of investment attractiveness of domestic vertically integrated oil and gas companies

Vol. 15, Iss. 2, JUNE 2022

Received: 28 February 2022

Received in revised form: 10 March 2022

Accepted: 19 March 2022

Available online: 30 May 2022

Subject Heading: ECONOMIC AND STATISTICAL RESEARCH

JEL Classification: G32, L25, L71, M41, O12

Pages: 162–186

https://doi.org/10.24891/fa.15.2.162

Oleg V. SHIMKO Center for Innovative Economics and Industrial Policy, Institute of Economics of Russian Academy of Sciences (IE RAS), Balashikha, Moscow Oblast, Russian Federation
shima_ne@mail.ru

https://orcid.org/0000-0002-0779-7097

Subject. This article considers the financial, stock market, and operational indicators, as well as the ratios of financial and economic analysis obtained on their basis of the twenty five leading listed oil and gas companies within 2006 through 2018.
Objectives. The study aims to determine the current level of values of the financial, stock market, and operational indicators, as well as the ratios of financial and economic analysis of the leading publicly traded oil and gas companies, as well as identify the key trends in the changes within the studied period and factors that have caused these changes.
Methods. For the study, I used comparative, and financial and economic analyses, and generalization of materials of the companies' consolidated financial statements.
Results. The article shows certain changes in the balance sheet values of the companies' assets caused by the growth in the fixed assets value, and the changes in the market attractiveness of the oil and gas sector.
Conclusions. The article concludes that a decrease in the profitability of the industry's stock market segment despite the growth in raw material production affects the market attractiveness of the oil and gas sector negatively.

Keywords: profitability, turnover, financial stability, liquidity, market value

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