Study of the economic growth of oil and gas companies in Russia

Irina V. Filimonova, Vasiliy U. Nemov, Mikhail V. Mishenin, Anna V. Komarova, Yuriy A. Dzyuba

Research output: Contribution to journalConference articlepeer-review

Abstract

The sustainable development of the economy of many countries is due to the stability of the oil and gas complex. Revenues of oil and gas companies form a significant part of the state budget revenues and the balance of payments. The government accumulates gold reserves by the seizure of windfall revenues of the oil companies in the period of high oil prices. In this article, we analyzed the development of the Russian oil and gas industry by the Substantial growth rate (SGR) model. In the study, the authors identified trends in current financial indicators and capital indicators in the oil and gas industry, identified a general trend for sustainable development of the industry, and identified the most significant factors for the dynamics of the steady state of oil and gas companies. Further, the authors made a forecast of the sustainable growth of the industry for several years in advance based on methods of regression analysis. The object of the research is the oil and gas industry of Russia and its companies.

Original languageEnglish
Pages (from-to)721-726
Number of pages6
JournalInternational Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, SGEM
Volume19
Issue number5.3
DOIs
Publication statusPublished - 2019
Event19th International Multidisciplinary Scientific Geoconference, SGEM 2019 - Albena, Bulgaria
Duration: 30 Jun 20196 Jul 2019

Keywords

  • Economic growth
  • Oil and gas companies
  • Russia
  • SGR

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