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


Abstract views: 535 / PDF downloads: 463

Authors

  • Anis Ali Department of Management, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia.

DOI:

https://doi.org/10.32479/ijeep.13716

Keywords:

Oil and Gas, COVID-19, Financial Performance, Profitability, Liquidity, Ratio Analysis

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.

Downloads

Download data is not yet available.

Downloads

Published

2022-11-28

How to Cite

Ali, A. (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, 12(6), 396–403. https://doi.org/10.32479/ijeep.13716

Issue

Section

Articles

Most read articles by the same author(s)