Isshaq, Zangina, Sarpong-Kumankoma, Emmanuel and Yekini, Kemi (2023) 'Financial Analysis of Oil and Gas Firms.' In: Yindenaba Abor, Joshua, Karimu, Amin and Brännlund, Runar, (eds.), The Economics of the Oil and Gas Industry Emerging Markets and Developing Economies. London: Routledge. (Routledge Studies in the Economics of Business and Industry)
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Abstract
In this chapter, we show how to interpret the financial statements of firms in the oil and gas industry. We first provide a tour of the fundamental building blocks of financial statements noting items that are peculiar to the oil and gas industry. We present an analysis of typical oil and gas firm financial statements considering profitability, efficiency, liquidity, and leverage. We use ratios and present two approaches to analysis – trend analysis and common size analysis. We end the chapter with a note on non-financial information and how that complements the analysis of financial data. Financial ratios are only useful for financial information analysis, but other non-financial information should be considered when conducting analysis of performance to get a full picture.
| Item Type: | Book Chapters |
|---|---|
| SOAS Departments & Centres: | Departments and Subunits > School of Finance & Management |
| ISBN: | 9781032324425 |
| Copyright Statement: | This is an Accepted Manuscript of a book chapter published by Routledge in Yindenaba Abor, Joshua, Karimu, Amin and Brännlund, Runar, (eds.), The Economics of the Oil and Gas Industry Emerging Markets and Developing Economies (2023). Re-use is subject to the publisher’s terms and conditions |
| DOI (Digital Object Identifier): | https://doi.org/10.4324/9781003315056-15 |
| Date Deposited: | 22 Feb 2023 11:46 |
| URI: | https://eprints.soas.ac.uk/id/eprint/38958 |
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