Comparative Analysis of the Financial Situation in the Oil and Gas Industry in Russia and China in the Context of the COVID-19 Pandemic

DOI

10.2991/assehr.k.210322.107How to use a DOI?

Keywords

COVID-19, China and Russia, Oil and gas industry, Financial situation, Comparative analysis

Abstract

With the novel coronavirus (COVID-19) wreaking havoc around the world in 2020. It led to a heavy blow to the performance of representative enterprises in the energy, aviation and other industries. Resulting in a linkage effect that led to a sharp reduction in the demand for oil and gas resources, which is the lifeblood of industrial development, and more significant uncertainty in enterprise operations. In this paper. The financial statements of CNPC and LUKOIL for the first half of 2020 are the research subjects, descriptive and comparative analysis methods are used to compare and evaluate the financial situation of the enterprises. And from this, we speculate on the financial status of the Russian and Chinese oil and gas industry. To cope with the global economic crisis and adjust development strategies providing decision-making reference.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Maria Petrovskaya
AU  - Xiaowei Ding
PY  - 2021
DA  - 2021/03/30
TI  - Comparative Analysis of the Financial Situation in the Oil and Gas Industry in Russia and China in the Context of the COVID-19 Pandemic
BT  - Proceedings of the VIII International Scientific and Practical Conference 'Current problems of social and labour relations' (ISPC-CPSLR 2020)
PB  - Atlantis Press
SP  - 194
EP  - 199
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210322.107
DO  - 10.2991/assehr.k.210322.107
ID  - Petrovskaya2021
ER  -