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Pre and Post COVID-19 Disparity of Financial Performance of Oil and Gas Firms: An Absolute and Relational Study

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  • Anis Ali

    (Department of Management, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia.)

Abstract

COVID-19 changed the shape and size of the business and industry and lowered the multidimensional performances of the firms, globally. The outbreak of the corona mitigated or stopped the operational activities of businesses and industry and affected the routine of individuals at large. The study analyzes the pre and post-COVID-19 financial performance of Indian oil and gas firms and tries to get the impact of the financial performances. The analysis is based upon the secondary financial data while ratio analysis and statistical measures are applied to get financial performances, mutual absolute and relational variations of financial performances pre and post-COVID-19. There was post-COVID-19 relational growth of total revenue, total expenses, profits, profitability, and liquidity seen higher in the smaller-scale production Indian oil and gas firms than the larger-scale production firms. The larger Indian oil and gas firms solvency ratio enhanced post-pandemic period while smaller-scale production oil and gas firms enjoy the leverage to enhance their profits and profitability. To enhance the profitability in larger scale production Indian oil and gas companies need to improve their cost and managerial efficiency, and external funds in their capital composition.

Suggested Citation

  • Anis Ali, 2022. "Pre and Post COVID-19 Disparity of Financial Performance of Oil and Gas Firms: An Absolute and Relational Study," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 396-403, November.
    • Handle: RePEc:eco:journ2:2022-06-49
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    References listed on IDEAS

    as
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    4. Zaffar Ahmed Shaikh & Polina Datsyuk & Laura M. Baitenova & Larisa Belinskaja & Natalia Ivolgina & Gulmira Rysmakhanova & Tomonobu Senjyu, 2022. "Effect of the COVID-19 Pandemic on Renewable Energy Firm’s Profitability and Capitalization," Sustainability, MDPI, vol. 14(11), pages 1-15, June.
    5. Helmi A. Boshnak & Abdullatif M. Basheikh & Mazen S. Basaif, 2021. "The Impact of Firm Characteristics on Firm Performance During the Covid-19 Pandemic: Evidence from Saudi Arabia," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(9), pages 693-709, September.
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    Cited by:

    1. Anis Ali & Nadeem Fatima, 2023. "Do the Size of Oil and Gas Firms Govern their Financial Performance? With Special Reference to Indian Oil and Gas Firms," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 166-174, March.
    2. Anis Ali & Abdulrahman Alhassun & Nadeem Fatima, 2024. "Financial Performance and Total Resources: Trend and sensitivity Analysis of Indian Oil Exploration and Production Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 533-540, May.

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    More about this item

    Keywords

    Oil and Gas; COVID-19; Financial Performance; Profitability; Liquidity; Ratio Analysis;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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