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Factors of competitiveness of US oil and gas multinational companies in the world energy market.

Authors :
Stezhko, Nadiia
Obaid, Ahmed J.
Source :
AIP Conference Proceedings. 2024, Vol. 3097 Issue 1, p1-11. 11p.
Publication Year :
2024

Abstract

This article examines the operation of the largest US oil companies, which play an important role in the modern world economy and are one of the most strategic economic sectors. It was found that these companies not only determine the general economic policy of the country, but also shape the geopolitical strategy of the United States in other parts of the world. A characteristic feature of the US oil and gas industry is that it is still represented by a large number of producers, however, a possible monopolistic trend will lead to a significant reduction in the number of companies. In addition, one of the main features of the American oil giants is that they actually own only a small number of oil fields (unlike the state-owned companies in Saudi Arabia and the UAE). The operation of multinational companies involved in the US oil industry is based on their unlimited expansion in almost all regions of the world, which involves the large-scale development of oil fields and the opening of oil refineries worldwide. In the process of analysing the impact of the company's development strategy on capitalisation, it was found that the model of American oil and gas multinational corporations is based on the desire to increase their market value. A positive impact on the market valuation of US oil and gas companies is an increase in financial and economic indicators, as well as an improvement in the main operating indicators of production and reserves. In order to improve business efficiency in oil and gas countries, multinational companies allocate certain assets from the corporate structure to increase the total capital of independent companies. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0094243X
Volume :
3097
Issue :
1
Database :
Academic Search Index
Journal :
AIP Conference Proceedings
Publication Type :
Conference
Accession number :
177080678
Full Text :
https://doi.org/10.1063/5.0209418