Published March 2026, Pg. 66-71

Section: Economy, management and law

UOT: 33.004

DOI: 10.37474/0365-8554/2026-03-66-71

Financial and economic analysis of the activities of an oil and gas enterprise

Z.G. Nursultanova - “Oil-Gas Scientific Research Project” Institute

This article presents a comprehensive financial and economic analysis of EmbamunayGas JSC for the period 2013–2023. The study is based on the company’s financial statements and aims to assess the dynamics of key performance indicators in the face of changing market conditions and external crisis impacts. The average daily cost of sales and revenue, current and quick liquidity ratios, asset turnover, inventory (DSI), and accounts receivable (DSO) ratios, net profit margin, and the debt-to-assets ratio are analyzed. 
The study results show an increase in nominal cost and a decrease in real current assets, indicating the need for cost optimization and improved working capital management. The 2020 pandemic period was characterized by a significant decrease in profitability and asset turnover, but a gradual recovery has been observed in subsequent years. An analysis of the debt burden indicates that the level of liabilities remains moderate, although maximum values were recorded in 2018–2019. It was concluded that Embamunaigas JSC possesses sustainable potential for adaptation and further development. It is recommended to continue cost optimization, improve asset and accounts receivable turnover, and reduce the debt burden to enhance the company’s financial stability and competitiveness.

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