| Résumé : |
This paper studies the impact of crude oil fluctuations on the value of oil companies; these are divided on three types through the value chain of oil industry. Indeed, the downstream companies are operating in refining and sale of finished products, this includes refining crude oil into plenty of sources of energy such as gasoline, natural gas, diesel, besides it provides resources to other sectors like medical industry (equipment), agriculture (fertilizers, equipment’s’ fuel). This topic set the light on the relation between the price of crude oil represented by the WTI (West Texas Intermediate) one of the main benchmarks in crude oil pricing, and the firm value of downstream oil companies represented EBITDA as the independent variable of study, this choice will include neutralizing the effect of numerous biases, as well as a number of dependent variables knowing market capitalization, long-term debt, total value of assets. |
Ajouter le résultat dans votre panier Faire une suggestion Affiner la rechercheCrude oil price and the value of downstream oil companies / 2021
