The increasing instability within the global oil sector poses a challenge for contemporary companies to devise and implement effective financial stability strategies. The aim of this study is to ...analyse the financial stability strategies employed by oil companies, explore alternative approaches amidst the global volatility of the oil market, and develop a methodological framework for evaluating financial strategies, utilising an alternative options matrix. The author's methodological approach is proposed: a matrix of the company's alternative financial strategies is created. In this study, data from the top 10 largest oil companies in the world for the years 2015–2019 were utilised. Exxon Mobil and CNPC exhibit the lowest level of financial stability. A sustainable growth strategy is necessary for Aramco, Rosneft, and ADNOK. Kazmunaigas should adopt a strategy focused on ensuring financial stability in the event of adverse external conditions. For Exxon Mobil, maintaining financial stability is a relevant strategy. CNPC should consider implementing a financial stabilisation strategy contingent upon favourable market dynamics. The practical significance of the research results lies in providing specific conclusions and recommendations regarding optimal financial stability strategies for oil companies and stakeholders amidst global market volatility conditions. The analysis of the alternative financial strategies matrix may serve as a foundation for managerial decision-making aimed at ensuring company resilience in fluctuating economic environments and enhancing their competitiveness.
•The study focuses on diagnosing and correlating key financial stability ratios.•The author's methodological approach is proposed.•The data from 11 of the world's largest oil companies are used in the study.•Exxon Mobil and CNPC exhibit the lowest level of financial stability.•A sustainable growth strategy is necessary for Aramco, Rosneft, and ADNOK.
Sustainable energy is paramount in advancing initiatives about energy conservation and transitioning towards clean, secure, and efficient energy sources. The research objective is to assess the ...impact of alterations in energy intensity on the socioeconomic development of a country. The study includes monitoring the prospects of countries in the EECCA (Eastern Europe, Caucasus, and Central Asia) region whose energy markets rely on the traditional model of energy production. The panel data method and empirical estimation for correlation calculations are oriented towards the context of Azerbaijan, a major producer of crude oil and natural gas in the Caspian-Black Sea region. The obtained results have demonstrated that the predominant current trend in most countries of the Caspian-Black Sea region is characterized by intensive growth in energy intensity. It is found that Azerbaijan has one of the highest rates of energy self-sufficiency within the developing energy sector. Furthermore, the renewable energy sector is experiencing a decline, while the proliferation of CO2 emissions is characterized by the presence of eco-social consequences stemming from the activities of the energy sector. Empirically, the correlation between energy intensity and both economic development and sustainable social policies has been proven. It has been determined that Azerbaijan's economic policy is directed towards specific measures aimed at reducing energy intensity, which presents a contradiction for countries in the Caspian-Black Sea region. However, advocating for the attainment of Sustainable Development Goal 7 within the framework of the global economy is a necessary and logical measure for enhancing energy efficiency in the context of sustainable economic development. Practical application of the results can be used in the practice of state management of energy sector development as part of achieving the objectives of the global economy.
•The main trend at national level in the EECCA region is an intensive energy growth.•Energy intensity is an important aspect of socio-economic development.•The low role of renewable energy sources is critically damaging to the environment.
The work aims to analyze and examine renewable energy sources (RES) to develop interconnected energy efficiency and energy consumption management system by integrating the software-defined ...machine-to-machine (M2M) communication. The article’s objectives include analysis of using RES as alternative raw materials for electricity production, the study of intelligent technologies for integrating RES into monitoring and control systems, research of devices and methods for monitoring energy production and consumption, analysis of sensor application for automation of control systems in the energy sector, a study of data transmission and information processing rates. The study results showed that the data transfer rate was delayed by 6 seconds to process 1,000 MB of information. It has been proven that wind energy can be used most efficiently within a 12-hour daily cycle, in contrast to tidal energy and solar energy. It is shown that due to the cyclical nature of obtaining energy from renewable sources, they do not fully provide energy to a large city, on the basis of which it is necessary to additionally use other energy sources. Three different types of power generation facilities were examined and compared. Wind farms were found to have the highest potential for electricity generation, amounting to 1,600-1,700 kW.
