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Assessing the Use of Investment Resources by Oil Companies


Kseniya Sheryay
(about the author)

Sheryay Kseniya Igorevna –

Published in:
Russian Journal of Entrepreneurship
– № 12-1 / December, 2010



Keywords: capitalization of corporation, cost approach, free cash flow, increase incompanys value, investment resources, petroleumindustry, price of capital, value based management


Citation:
Kseniya Sheryay (2010). Assessing the Use of Investment Resources by Oil Companies. Russian Journal of Entrepreneurship, 11(12), 82-88. — url: http://bgscience.ru/com/lib/2499


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Abstract:

The article considers one of the newest models of appraising the company’s value on the basis of Value Based Management principles – the model of Cash Return on Capital Invested (CROCI ). The author proposes and justifies the use of this model for a comprehensive evaluation of the efficiency of forming and applying investment resources of companies, including those relating to the oil sector. The efficiency of the investment resources flow in such companies as Lukoil, Rosneft, Gazprom Neft and Exxon Mobil has been evaluated.







References:
1. Costantini P. Cash return on capital invested. Ten years of investment analysis with the CROCI economic profit model. First edition. – Elsevier Ltd, 2006.
2. Ofitsialnyy sayt NK «Lukoyl». [Elektronnyy resurs]. – Rezhim dostupa:www.lukoil.ru.
3. Ofitsialnyy sayt NK «Rosnefty». [Elektronnyy resurs]. – Rezhim dostupa: www.rosneft.ru.
4. Ofitsialnyy sayt NK «Gazprom nefty». [Elektronnyy resurs]. – Rezhim dostupa: www.gazprom-neft.ru.
5. Ofitsialnyy sayt Exxon Mobil Corp. [Elektronnyy resurs]. – Rezhim dostupa: www.exxonmobil.com.