TODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET

The current market is characterized by sharp contradictions between traditional and new centers of power, high competition on fuel and energy market, diversity of natural sources of hydro-carbons and drastic technological changes in oil and gas industry. The article shows a new approach to defining...

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Autores principales:	I. V. Kostenok, Ya. V. Khomenko, A. V. Efimenko
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2020
Materias:	sustainability oil and gas company global fuel and energy market index of sustainability multidimensional comparative analysis Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/868b1eef13fa46caa0f7a6633b864d62
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spelling	oai:doaj.org-article:868b1eef13fa46caa0f7a6633b864d622021-11-15T05:20:49ZTODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET2413-28292587-925110.21686/2413-2829-2020-1-93-107https://doaj.org/article/868b1eef13fa46caa0f7a6633b864d622020-02-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/820https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The current market is characterized by sharp contradictions between traditional and new centers of power, high competition on fuel and energy market, diversity of natural sources of hydro-carbons and drastic technological changes in oil and gas industry. The article shows a new approach to defining sustainability of oil and gas companies on the global fuel and energy market. Through three principle provisions – ‘sustainability of standing – sustainability of internal situation – structural sustainability’ the authors show today’s features of sustainability of leaders on fuel and energy market. Academic and methodological innovation gives an opportunity to assess objectively the mentioned aspects of sustainability and work out recommendations for market participants. This innovation is based on a set of estimation indicators of leading oil and gas companies, with their help through comparative analysis the generalized criteria of sustainability are calculated and the final indicator – the index of sustainability of Oil and Gas Company – is found. Within the frames of the research such companies as ExxonMobil (US), British Petroleum (UK), PtroChina, SinopecGroup (China), Gasprom, Lukoil and Rosneft (Russian federation) were included. It was shown that raising sustainability of oil and gas companies in the period of global transformations can be promoted by maximum use of the natural and resource potential, increase in the number of deposits, technological renovation of all links in production and sales chain. It is also necessary to design the generalstrategy of response to external challenges and threats on behalf of oil and gas companies belonging to one state (joint sustainability).I. V. KostenokYa. V. KhomenkoA. V. EfimenkoPlekhanov Russian University of Economicsarticlesustainabilityoil and gas companyglobal fuel and energy marketindex of sustainabilitymultidimensional comparative analysisEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 1, Iss 1, Pp 93-107 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	sustainability oil and gas company global fuel and energy market index of sustainability multidimensional comparative analysis Economics as a science HB71-74
spellingShingle	sustainability oil and gas company global fuel and energy market index of sustainability multidimensional comparative analysis Economics as a science HB71-74 I. V. Kostenok Ya. V. Khomenko A. V. Efimenko TODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET
description	The current market is characterized by sharp contradictions between traditional and new centers of power, high competition on fuel and energy market, diversity of natural sources of hydro-carbons and drastic technological changes in oil and gas industry. The article shows a new approach to defining sustainability of oil and gas companies on the global fuel and energy market. Through three principle provisions – ‘sustainability of standing – sustainability of internal situation – structural sustainability’ the authors show today’s features of sustainability of leaders on fuel and energy market. Academic and methodological innovation gives an opportunity to assess objectively the mentioned aspects of sustainability and work out recommendations for market participants. This innovation is based on a set of estimation indicators of leading oil and gas companies, with their help through comparative analysis the generalized criteria of sustainability are calculated and the final indicator – the index of sustainability of Oil and Gas Company – is found. Within the frames of the research such companies as ExxonMobil (US), British Petroleum (UK), PtroChina, SinopecGroup (China), Gasprom, Lukoil and Rosneft (Russian federation) were included. It was shown that raising sustainability of oil and gas companies in the period of global transformations can be promoted by maximum use of the natural and resource potential, increase in the number of deposits, technological renovation of all links in production and sales chain. It is also necessary to design the generalstrategy of response to external challenges and threats on behalf of oil and gas companies belonging to one state (joint sustainability).
format	article
author	I. V. Kostenok Ya. V. Khomenko A. V. Efimenko
author_facet	I. V. Kostenok Ya. V. Khomenko A. V. Efimenko
author_sort	I. V. Kostenok
title	TODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET
title_short	TODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET
title_full	TODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET
title_fullStr	TODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET
title_full_unstemmed	TODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET
title_sort	today’s interpretation of oil and gas companies’ sustainability on global fuel and energy market
publisher	Plekhanov Russian University of Economics
publishDate	2020
url	https://doaj.org/article/868b1eef13fa46caa0f7a6633b864d62
work_keys_str_mv	AT ivkostenok todaysinterpretationofoilandgascompaniessustainabilityonglobalfuelandenergymarket AT yavkhomenko todaysinterpretationofoilandgascompaniessustainabilityonglobalfuelandenergymarket AT avefimenko todaysinterpretationofoilandgascompaniessustainabilityonglobalfuelandenergymarket
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TODAY’S INTERPRETATION OF OIL AND GAS COMPANIES’ SUSTAINABILITY ON GLOBAL FUEL AND ENERGY MARKET

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