Pyshkina N.L.National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation kondr45@mail.ru ORCID id: not available
Yakushev M.F.National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation yackushev.mihail@yandex.ru ORCID id: not available
Pronchatova-Rubtsova N.N.National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation pronat89@mail.ru ORCID id: not available
Subject The article considers the financial policy of foreign oil companies during the period from 2006 to 2015. Objectives The article aims to analyze the financial policy of oil companies and determine its changes under the influence of oil prices and other internal and external factors. Methods For the study, we used statistical methods of dynamic and structural analyses and the method of logical association of factors. Results The article states that the policy of the investigated companies is formed and realized taking into account external and internal factors, and it can be characterized as a sound financial one. From a risk-level perspective, large oil companies tend to pursue low-risk policies in both asset management and capital management. However, the article emphasizes that small oil companies have a high-risk policy. It notes the supportive policy pursued by States to defend oil companies. Relevance The results obtained can be used by specialists both in conducting theoretical researches and in solving practical problems in the field of financial management of companies.
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