Financial Stability Analysis as a Tool for the Strategic Development of an Oil and Gas Enterprise: the Case of Sakhaneftegazsbyt JSC

Abstract

The current economic situation in the country, associated with the imposed sanctions against the Russian energy industry, dictates new conditions for the implementation of economic activities of oil and gas enterprises. The market is unbalanced, with sharp fluctuations in fuel prices, and it will take a long time before it stabilizes. There comes a time when it becomes necessary to introduce new approaches to the management concept in order to resist changes in the external environment. The most effective way to objectively assess the financial condition of an enterprise is the analysis, which makes it possible to track the development of an enterprise in dynamics, to comprehensively assess the implementation of the plan for the receipt of financial resources and their use in terms of improving its financial condition. The purpose of the study is to analyze the financial stability on the example of Sakhaneftegazsbyt JSC, which imports fuels and petrol oils for the needs of the population and enterprises in the Sakha Republic (Yakutia). The calculation of financial stability indicators and solvency of the enterprise will help to achieve this goal. Using the results of this analysis in creating the enterprise’s development strategy will help to maintain a position in the market and increase profitability.