Financial planning as a policy tool in the petroleum industry (the case study: Ojsc "sURGUTNEFTEGAS")

Vera Romanyuk, Anna Karyakina, Elena Vershkova, Larisa Grinkevish, Galina Pozdeeva

Research output: Contribution to journalConference article

Abstract

The article deals with the financial planning of oil and gas company activities including capital structure optimization. One of the main tasks of up-to-date financial management is to optimize the capital structure of an organization and minimize the weighted average cost of capital. The applied method in capital structure optimization affects the research quality results, as well as management decisions. The study was conducted on the basis of OJSC "Surgutneftegas" financial statements.

Original languageEnglish
Article number012086
JournalIOP Conference Series: Earth and Environmental Science
Volume43
Issue number1
DOIs
Publication statusPublished - 11 Oct 2016
Event20th International Scientific Symposium of Students, Postgraduates and Young Scientists on Problems of Geology and Subsurface Development, PGON 2016 - Tomsk, Russian Federation
Duration: 4 Apr 20168 Apr 2016

Keywords

  • capital structure
  • financial planning
  • optimization
  • weighted average cost of capital

ASJC Scopus subject areas

  • Environmental Science(all)
  • Earth and Planetary Sciences(all)

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