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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 7, Number 1, Year 2019| ANALYSIS OF THE ECONOMIC-FINANCIAL PERFORMANCE OF ROMANIAN COMPANIES IN THE FIELD OF CRUDE OIL AND NATURAL GAS EXTRACTION | 
Download | | Author(s): Marian Socoliuc, Gabriela - Paraschiva Savu | | DOI: 10.4316/EJAFB.2019.7111 | | Abstract: This paper highlights the performance of the Romanian oil and gas industry companies. The purpose of this article is to compare the success of companies in this field. The research is a quantitative one based on key performance indicators, whose main objective is to study and calculate KPI based on the information taken from the profit and loss account of the companies for which the study was conducted. The research methodology was made based on a sample of Romanian economic entities. In order to identify the sample, we accessed the following sites: http://www.list?firme.ro and www.topfirme.ro and selected the companies taking into account their main activity object (NACE 601 - extraction of crude oil, NACE 620 - extraction of natural gas). In this study we chose a sample of 50 companies, 7 of them were taken into consideration, part being listed on the Bucharest Stock Exchange, where we created a database with access to the transparency of economic information, for the calculation of the unified key performance indicators (KPIs).The analysis of the case study shows that the main economic entities that carry out production activities, being the most efficient, are OMV Petrom (oil and gas) and Romgaz (natural gas). | | Keywords: NACE; Extraction; Industry; Natural Gas; Performance | References:
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