Analysis of financial and economic indicators, characterizing the activities of organizations in the oil and gas industry

Abstract

Purpose of the study. The oil and gas industry occupies an important place in the Russian economy. The financial position of any organization is determined by its financial results, where profit is a key indicator in a market economy and an indicator of the success of the company. The aim of this work is to study the state and development of the oil and gas industry, analysis of the main financial indicators, characterizing the activities of a number of oil producing companies selected in the SPARK database using economic and statistical methods.Materials and methods. The research information base is statistical data and analytical information reflecting the financial component of the oil and gas industry. The research methodological base is represented by economic and statistical methods of information analysis.Results. The analysis of the main trends in the development of trade in the international oil trade is carried out, the key determinants of the modern world oil market are highlighted, the economic situation in the Russian oil industry is analyzed, which showed that there is a decrease in oil production associated with the OPEC + agreements; the share of exports of crude oil increases; the share of exports of refined oil decreases; the government is developing measures to reduce the dependence of budget revenues on the oil and gas industry.The main types of profit, such as gross profit, sales profit, before-tax profit, net profit are considered. It is worth noting that these categories of profit are interconnected, since one category follows from another, depending on the items of income and expense inherent in a particular type of profit. The analysis of a number of indicators, characterizing the financial activities of organizations of the oil and gas complex was carried out, the totality of oil producing organizations based on the SPARK database was selected, and a comparative analysis of the financial activities of two organizations of the oil and gas complex was carried out.Conclusion. The oil and gas industry is a key sector of the economy, making a significant contribution to the social and economic development of our country. Revenues from the activities of the oil and gas complex make a significant contribution to the country’s GDP and are a significant component of the budget.In this paper, an analysis of a number of financial and economic indicators, characterizing the activities of organizations of the oil and gas complex was carried out. The financial condition of the organization is largely determined by its financial results – profit or loss. The main indicators of the financial results of the organization are profit and profitability, which depend on many internal and external factors. Including, industry features have a great influence. A set of oil-producing organizations based on the SPARK database was selected in the work. By the example of organizations JSC “IDELOIL” and Ltd “NEDRA-K”, a comparative analysis of financial and economic indicators was carried out, directions for increasing gross profit and gross margin indicators were proposed and justified in order to reduce costs and increase revenues.As a result, it was concluded that the oil industry in Russia depends on political and economic factors, in this regard, it is necessary to regularly analyze the activities of organizations in this industry to identify miscalculations, low-active functioning systems, etc., with the purpose of more efficient functioning of the industry.