ASSESSMENT OF RELATIONSHIP BETWEEN KEY INDICATORS OF SUSTAINABLE DEVELOPMENT OF OIL COMPANIES IN AN UNSTABLE ECONOMY

UDC 33.053
DOI: 10.36871/2618-9976.2021.04.007

Authors

Kuzovleva Nina Fedorovna
Candidate of Economic Sciences, Professor of the Department of Economic Analysis and Financial Monitoring in the Institute of Integrated Safety and Security and Specific Instrumentation in MIREARussian Technology University, Moscow, Russian Federation
Prokofieva Lyudmila Mikhailovna
Candidate of Geology, Associated Professor of Economics of Mineral Resources Complex Department Russian state geological prospecting University named after S. Ordzonikidze, Moscow, Russian Federation
Simakova Diana Evgenyevna
Student, Institute of Integrated Safety and Security and Specific Instrumentation in MIREARussian Technology University, Moscow, Russian Federation

Abstract

This paper is devoted to analysis of the relationship between the level of company's capitalization and individual indicators which characterize sustainable development – replenishment of petroleum commodities as a result of geological exploration, labor productivity and frequency of accidents. The authors have made an attempt to determine the closeness of the relationship of these indicators using correlation and regression analysis. Current materials of financial and nonfinancial reports on levels of indicators of PJSC LUKOIL for the period 2015–2019 were used as input information.

Keywords

Capitalization
Replenishment
Petroleum commodities
Labor productivity
Frequency of accidents
Correlation
Sustainable development
Management