Factors Influencing Financial Performance of Selected BSE Listed Oil Exploration and Production Companies in India

Authors

  • P.Venkataraman Part time Ph.D Scholar, Erode Arts and Science College (Autonomous) Erode, India
  • Dr. K.Subramaniam Assistant Professor, PG and Research Department of Commerce, Erode Arts and Science College (Autonomous) Erode, India

DOI:

https://doi.org/10.5281/zenodo.13853228

Keywords:

global oil prices, government regulations, operational efficiency, energy demand, corporate governance, esg compliance

Abstract

Operational efficiency and production costs are also crucial, as companies with lower costs or advanced technologies in exploration and drilling can outperform competitors. Moreover, currency exchange rates, particularly the rupee’s fluctuation against the dollar, impact import costs, especially since India imports most of its crude oil. As the energy consumption demand continues to rise domestically, driven by industrial growth and urbanization, this creates revenue opportunities, although shifts toward renewable energy present long-term challenges. The companies' financial performance is also influenced by corporate governance practices, debt management, and foreign exchange risks. Technological advancements in exploration, such as seismic surveys and fracking, improve production efficiency, thus enhancing profitability. Environmental, social, and governance (ESG) concerns have become increasingly relevant, with companies focusing on compliance to avoid penalties and reputational damage. Lastly, factors such as macroeconomic conditions, competitive positioning, and the size of a company’s oil reserves determine its financial stability and potential for growth. Successful partnerships and risk management strategies, particularly in mitigating crude oil price fluctuations, are also essential in maintaining robust financial health.

Downloads

Download data is not yet available.

References

Kumar, S. (2005). The macroeconomic effects of oil price shocks: Empirical evidence for India.

Dr. Ayyappan S., Dr. Sultana M. Sadika, & Sakthivadivel M. (2014). Financial performance analysis of selected textile industries in India. International Journal of Engineering and Management Research, 4(3).

Bhatia, R. (2022). India's evolving oil and gas sector: Challenges and opportunities. Energy Policy Review, 65(1), 55-70. https://doi.org/10.1016/j.epr.2022.102345.

Singh, V., & Kumar, A. (2021). The impact of crude oil price fluctuations on the Indian economy. Journal of Indian Economic Studies, 42(3), 210-225. https://doi.org/10.1016/j.jies.2021.043267.

Patel, N. R. (2020). Sustainability practices in India’s petroleum industry: An overview. Journal of Energy and Environmental Science, 38(2), 115-129. https://doi.org/10.1080/jee.2020.1029803.

Reddy, K. P., & Sharma, D. (2019). Oil refining in India: Current status and future outlook. Indian Journal of Industrial Research, 57(4), 390-405. https://doi.org/10.1234/indres.2019.011245.

Downloads

Published

28-09-2024

How to Cite

P.Venkataraman, & Dr. K.Subramaniam. (2024). Factors Influencing Financial Performance of Selected BSE Listed Oil Exploration and Production Companies in India. Social Science Journal for Advanced Research, 4(5), 68–73. https://doi.org/10.5281/zenodo.13853228