Strategic challenges and trends of development of oil-gas transnational corporations USA
Journal Title: Вісник Дніпропетровського університету.Світове господарство і міжнародні економічні відносини - Year 2018, Vol 26, Issue 10
Abstract
The modern features of the activity of us oil and gas transnational corporations are determined and the structure of the oil and gas producing sector of the world economy is studied. The main participants in the strategic struggle are the oil and gas transnational corporations of the economically developed countries of the world, which together with companies from the OPEC countries participate in the most acute competition in the world oil and gas market. The purpose of the article is a comprehensive justification of the current state and prospects for the development of US transnational corporations in the world oil and gas market, as well as the determination of reserves and prospects for strengthening market dominance in order to increase overall capitalization. The dynamics of extraction, export, import of oil and gas with participation of the largest multinational corporations is determined. It is determined that the companies of the US oil and gas producing sector in terms of production and reserves abroad are represented in a wide range. Moreover, the largest companies in the US oil and gas sector in terms of resource extraction and raw material reserves have a powerful component of foreign extraction, accounting for over half of the total hydrocarbon production. An analysis of the impact of the development strategy on capitalization has shown that the model of US oil and gas TNCs is built on the desire to increase its own market valuation. Positive impact on the market valuation of US oil and gas companies is made by the growth of the results of financial and economic activities and improvement of the basic operating indicators for production and reserves. In order to increase the efficiency of business, which lead oil and gas countries, TNCs resort to separating certain assets from the company's structure, which results in an increase in the total capitalization of the separated companies. The scientific novelty lies in determining the existence of a link between the extractive activity and the dynamics of the market capitalization of the largest oil and gas TNCs. Prospective US companies have been identified in the strategy of maintaining the world oil and gas market. Practical significance consists in establishing the dependence of the market valuation of US oil and gas TNCs on the cost, quantity and correlation in the structure of oil and gas production. In this regard, it should be noted the extremely high intensity of production in the US compared with the most affluent hydrocarbon states. This leads to the fact that in the face of great competition in the oil and gas industry of the US, companies are constantly confronted with the task of replenishing oil and gas reserves to support an intensive production level, which has a direct impact on capitalization.
Authors and Affiliations
V. V. Makedon
Keywords
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