title: Ð¡ÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ½Ð°Ñ Ð¾ÑÐµÐ½ÐºÐ° ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð² Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð¹ Ð¾ÑÑÐ°ÑÐ»Ð¸
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: Valuation of companies in the oil and gas industry
Creators: name: ÐÐµÑÐ°ÑÐ¸Ð½Ð°, ÐÐ»ÐµÐ½Ð°
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2020
Subjects: ÐÐµÑÑÑÐ½Ð°Ñ Ð¿ÑÐ¾Ð¼ÑÑÐ»ÐµÐ½Ð½Ð¾ÑÑÑ
ÐÐ°Ð·Ð¾Ð²Ð°Ñ Ð¿ÑÐ¾Ð¼ÑÑÐ»ÐµÐ½Ð½Ð¾ÑÑÑ
ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ Ð±Ð¸Ð·Ð½ÐµÑÐ°
ÑÑÐ½Ð¾ÑÐ½Ð°Ñ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ
Ð´Ð¸ÑÐºÐ¾Ð½ÑÐ¸ÑÐ¾Ð²Ð°Ð½Ð½ÑÐ¹ Ð´ÐµÐ½ÐµÐ¶Ð½ÑÐ¹ Ð¿Ð¾ÑÐ¾Ðº
Ð±ÑÑ Ð³Ð°Ð»ÑÐµÑÑÐºÐ¸Ð¹ Ð±Ð°Ð»Ð°Ð½Ñ
ÑÑÐ½Ð¾ÑÐ½Ð°Ñ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ñ
business value
market value
discounted cash flow
accounting balance
market capitalization

description: Ð ÑÐ¾Ð´Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð±ÑÐ»Ð¸ Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ñ: 1. ÐÐ±Ð·Ð¾Ñ ÑÑÑÐµÑÑÐ²ÑÑÑÐ¸Ñ Ð¿Ð¾Ð´ÑÐ¾Ð´Ð¾Ð² Ðº Ð¾ÑÐµÐ½ÐºÐµ Ð±Ð¸Ð·Ð½ÐµÑÐ° Ð¸ Ð²ÑÑÐ²Ð»ÐµÐ½Ð¸Ðµ Ð¸Ñ ÑÐ¸Ð»ÑÐ½ÑÑ Ð¸ ÑÐ»Ð°Ð±ÑÑ ÑÑÐ¾ÑÐ¾Ð½. 2. ÐÐ½Ð°Ð»Ð¸Ð· Ð¾ÑÑÐ°ÑÐ»ÐµÐ²ÑÑ Ð¾ÑÐ¾Ð±ÐµÐ½Ð½Ð¾ÑÑÐµÐ¹ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð³Ð¾ ÑÐµÐºÑÐ¾ÑÐ° Ð Ð¾ÑÑÐ¸Ð¹ÑÐºÐ¾Ð¹ Ð¤ÐµÐ´ÐµÑÐ°ÑÐ¸Ð¸, Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑÐ¸Ñ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÑÐµÐ·ÑÐ»ÑÑÐ°Ñ Ð¾ÑÐµÐ½ÐºÐ¸ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹. 3. Ð Ð°Ð·ÑÐ°Ð±Ð¾ÑÐºÐ° Ð¸ Ð¾Ð±Ð¾ÑÐ½Ð¾Ð²Ð°Ð½Ð¸Ðµ ÐºÐ¾Ð¼Ð¿Ð»ÐµÐºÑÐ½Ð¾Ð³Ð¾ Ð¿Ð¾Ð´ÑÐ¾Ð´Ð°, Ð¿Ð¾Ð·Ð²Ð¾Ð»ÑÑÑÐµÐ³Ð¾ ÑÑÐµÑÑÑ Ð¾ÑÑÐ°ÑÐ»ÐµÐ²ÑÐµ ÑÐ°ÐºÑÐ¾ÑÑ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð³Ð¾ ÑÐµÐºÑÐ¾ÑÐ°. Ð ÑÐ¾Ð´Ðµ Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð½Ð¾Ð³Ð¾ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·Ð¾Ð²Ð°Ð»Ð¸ÑÑ ÑÐ»ÐµÐ´ÑÑÑÐ¸Ðµ Ð¼ÐµÑÐ¾Ð´Ñ: Ð¼ÐµÑÐ¾Ð´ ÑÐ¸ÑÑÐµÐ¼Ð½Ð¾Ð³Ð¾ Ð°Ð½Ð°Ð»Ð¸Ð·Ð°, Ð¼ÐµÑÐ¾Ð´ ÑÑÐ°Ð²Ð½Ð¸ÑÐµÐ»ÑÐ½Ð¾Ð³Ð¾ Ð¿Ð¾Ð´ÑÐ¾Ð´Ð° Ð¸ Ð¼ÐµÑÐ¾Ð´ ÐºÐ»Ð°ÑÑÐ¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¸. ÐÑÐµÐ´Ð¼ÐµÑÐ¾Ð¼ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ ÑÐ²Ð»ÑÑÑÑÑ ÑÐ°ÐºÑÐ¾ÑÑ, Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑÐ¸Ðµ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÑÐµÐ·ÑÐ»ÑÑÐ°Ñ Ð¾ÑÐµÐ½ÐºÐ¸ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹. ÐÐ°ÑÑÐ½Ð¾Ð¹ Ð½Ð¾Ð²Ð¸Ð·Ð½Ð¾Ð¹ ÑÐ°Ð±Ð¾ÑÑ ÑÐ²Ð»ÑÐµÑÑÑ Ð¾Ð±Ð¾ÑÐ½Ð¾Ð²Ð°Ð½Ð¸Ðµ Ð²ÐµÑÐ¾Ð²ÑÑ ÐºÐ¾ÑÑÑÐ¸ÑÐ¸ÐµÐ½ÑÐ¾Ð² Ð¿ÑÐ¸ ÑÐ°ÑÑÐµÑÐµ ÐºÐ¾Ð½ÐµÑÐ½Ð¾Ð¹ ÑÐ¿ÑÐ°Ð²ÐµÐ´Ð»Ð¸Ð²Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Ð½Ð° Ð¾ÑÐ½Ð¾Ð²Ðµ ÑÑÐµÑ Ð¿Ð¾Ð´ÑÐ¾Ð´Ð¾Ð², Ð¸ÑÑÐ¾Ð´Ñ Ð¸Ð· Ð·Ð½Ð°ÑÐ¸Ð¼Ð¾ÑÑÐ¸ ÐºÐ°Ð¶Ð´Ð¾Ð³Ð¾ Ð¿Ð¾Ð´ÑÐ¾Ð´Ð° Ð´Ð»Ñ Ð¾ÑÐµÐ½ÐºÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð¸Ð· ÑÐ°Ð·Ð½ÑÑ ÑÐµÐºÑÐ¾ÑÐ¾Ð² Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´ÑÑÐ²Ð°. ÐÐ±Ð»Ð°ÑÑÑÑ Ð¿ÑÐ¸Ð¼ÐµÐ½ÐµÐ½Ð¸Ñ ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐ¾Ð² ÑÐ°Ð±Ð¾ÑÑ ÑÐ²Ð»ÑÑÑÑÑ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²ÑÐµ Ð¿ÑÐµÐ´Ð¿ÑÐ¸ÑÑÐ¸Ñ Ð¸ Ð¿ÑÐ¾ÐµÐºÑÐ½ÑÐµ Ð¸Ð½ÑÑÐ¸ÑÑÑÑ Ð¼Ð¸Ð½ÐµÑÐ°Ð»ÑÐ½Ð¾-ÑÑÑÑÐµÐ²Ð¾Ð³Ð¾ ÐºÐ¾Ð¼Ð¿Ð»ÐµÐºÑÐ° Ð Ð¾ÑÑÐ¸Ð¸. ÐÑÐµÐ´Ð»Ð¾Ð¶ÐµÐ½ ÐºÐ¾Ð¼Ð¿Ð»ÐµÐºÑÐ½ÑÐ¹ Ð¿Ð¾Ð´ÑÐ¾Ð´ Ð´Ð»Ñ ÑÐ²ÐµÐ»Ð¸ÑÐµÐ½Ð¸Ñ ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÐ¸ Ð¿ÑÐ¾ÑÐµÑÑÐ° Ð¾ÑÐµÐ½ÐºÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð³Ð¾ ÑÐµÐºÑÐ¾ÑÐ°, Ð² ÑÐ°Ð¼ÐºÐ°Ñ ÐºÐ¾ÑÐ¾ÑÐ¾Ð³Ð¾ ÑÑÑÐµÐ½Ñ Ð¾ÑÑÐ°ÑÐ»ÐµÐ²ÑÐµ Ð¾ÑÐ¾Ð±ÐµÐ½Ð½Ð¾ÑÑÐ¸ ÑÑÐ¸Ñ Ð¿ÑÐµÐ´Ð¿ÑÐ¸ÑÑÐ¸Ð¹. ÐÑÐ¾Ð¸Ð·Ð²ÐµÐ´ÐµÐ½Ð° Ð¾ÑÐµÐ½ÐºÐ° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð´Ð¾Ð±ÑÐ²Ð°ÑÑÐµÐ¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ ÐÐÐ Â«Ð¡ÐµÐ²ÐµÑÐ½ÐµÑÑÐµÐ³Ð°Ð·Ð¿ÑÐ¾Ð¼Â» Ñ ÑÑÐµÑÐ¾Ð¼ Ð¿ÑÐµÐ´Ð»Ð¾Ð¶ÐµÐ½Ð½Ð¾Ð³Ð¾ Ð¿Ð¾Ð´ÑÐ¾Ð´Ð°.
description: Tasks solved during the study: 1. Review of existing approaches to business valuation and identification of their strengths and weaknesses. 2. Analysis of the sectoral features of the oil and gas sector of the Russian Federation, influencing the result of the assessment of oil and gas companies. 3. Development and substantiation of an integrated approach that allows taking into account the sectoral factors of the oil and gas sector within the framework of existing approaches to assessment. In the course of the study, the following methods were used: system analysis method, method of comparative approach and classification method. The subject of this research is the factors influencing the result of the assessment of oil and gas companies. The scientific novelty of the work is the substantiation of the weighting coefficients when calculating the final fair value of the company on the basis of three approaches, based on the significance of each approach for evaluating companies from different production sectors. As a result, an integrated approach was proposed to increase the efficiency of the process of assessing companies in the oil and gas sector, within which the industry characteristics of these enterprises were taken into account. The cost of the oil and gas production company OJSC âSeverneftegazpromâ was assessed taking into account the proposed approach.