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

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

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 6, 396-403

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.

Keywords: Oil and Gas; COVID-19; Financial Performance; Profitability; Liquidity; Ratio Analysis (search for similar items in EconPapers)
JEL-codes: L25 M40 M41 Q40 Q43 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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