ASSESSMENT OF THE RELATIONSHIP BETWEEN CAPITALIZATION AND RESOURCE ASSETS OF OIL COMPANIES UNDER THE CONDITIONS OF AN UNSTABLE ECONOMY AND TRANSITION TO RENEWABLE ENERGY SOURCES

UDC 33.053
DOI: 10.36871/2618-9976.2023.02.007

Authors

N.F. Kuzovleva,
Candidate of Economic Sciences, Professor of the Department of Economic Analysis and Financial Monitoring in the Institute of Cyber Security and Digital Technologies in MIREARussian Technology University, Moscow, Russia
L.M. Prokofieva,
Candidate of Geology Associated Professor of Economics of Mineral Resources Complex Department Russian state geological prospecting University named after S. Ordzhonikidze, Moscow, Russia

Abstract

The article is devoted to the study of the relationship between the capitalization level of an oil company and its resource assets (proven hydrocarbon reserves). The authors have made an attempt to determine the closeness of the relationship of these indicators using correlation and regression analysis. Current materials borrowed from financial and nonfinancial reports of the Russian oil company PAO LUKOIL for the period 2005–2021 were taken as initial data.

Keywords

Oil producing company, Capitalization, Proven hydrocarbon reserves, Correlation development prospects