2022, Vol. 9, No. 4. - go to content...

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DOI: 10.15862/34ECOR422 (https://doi.org/10.15862/34ECOR422)

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Antonov I.R. Efficiency of financial management of energy companies as a component of ensuring the financial stability of the industry. Russian journal of resources, conservation and recycling. 2022; 9(4). Available at: https://resources.today/PDF/34ECOR422.pdf (in Russian). DOI: 10.15862/34ECOR422

Efficiency of financial management of energy companies as a component of ensuring the financial stability of the industry

Antonov Ivan Romanovich
Financial University under the Government of the Russian Federation, Moscow, Russia
E-mail: ir4nton@yandex.ru

Abstract. The management of financial resources of energy companies is one of the key aspects that ensure the efficiency of such companies, as a result of which the energy industry in the Russian Federation is more sustainable. The author analyzes the specifics of the energy industry and the history of the formation of the world energy market. The process of implementing a financial management system is described, the criteria for the effectiveness of this system are studied in more detail. According to the author, the main criterion for the effectiveness of energy finance management is the availability of a certain amount of funds in the bank accounts of industry enterprises, as well as a positive amount of free cash flows. In addition, the author describes the main stages of energy finance management, as well as the main task of energy industry managers, which is to develop a rational system of benchmarks for the main divisions of the industry, which is real and achievable. Based on the conducted research, the author concludes that the formation of a correct and optimal system of benchmarks that can be applied at different levels of management of the system of financial assets of energy companies. Financial stability is considered as the most important control parameter, which allows not only to develop individual companies operating in the energy industry, but also to increase the stability of the entire energy segment as a whole, which is quite important taking into account the specifics and peculiarities of the functioning of the domestic economy. In the context of sanctions pressure and the current situation around the energy sector of the Russian economy, effective financial management of energy companies is an integral part of ensuring sustainability and development.

Keywords: finance of energy companies; energy industry; international market; financial stability; sanctions pressure; energy reserves

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