Korelacija vrijednosti američkih naftnih tvrtki u funkciji cijena nafte i burzovnih indeksa u periodu razvoja nekonvencionalnih ležišta

master's thesis

• Title: Korelacija vrijednosti američkih naftnih tvrtki u funkciji cijena nafte i burzovnih indeksa u periodu razvoja nekonvencionalnih ležišta : diplomski rad
• Title (english): Correlation of oil companies’ stock value in the function of oil price and market indexes during the period of unconventional reservoirs exploitation : master’s thesis
• Author: Matea Golem
• Mentor: Tomislav Kurevija (mentor)
• Committee member: Tomislav Kurevija (predsjednik povjerenstva)
• Committee member: Igor Dekanić (član povjerenstva)
• Committee member: Daria Karasalihović Sedlar (član povjerenstva)
• Granter: University of Zagreb; Faculty of Mining, Geology and Petroleum Engineering; (Department of Petroleum and Gas Engineering and energy); Zagreb
• Defense date and country: 2017-07-07, Croatia
• Scientific / art field, discipline and subdiscipline: TECHNICAL SCIENCES; Mining, Petroleum and Geology Engineering; Petroleum Mining

Abstract

Kriza u naftnoj industriji i veliki pad cijene u razdoblju nakon 2013. godine doveo je naftne tvrtke u nepovoljan financijski položaj. Vrijednosti naftnih tvrtki, likvidnost i profitabilnost su počele opadati, a dugovi rasti. Ovim radom je obuhvaćena analiza američkih naftnih tvrtki, aktivnih većinom na nekonvencionalnim ležištima, i njihove ovisnosti o tržištu u osmogodišnjem vremenskom razdoblju. Napravljene su korelacije vrijednosti cijena dionica naftnih tvrtki u funkciji cijene nafte, plina te burzovnih indeksa S&P 500 te Dow Jones Oil & Gas Producers. Ustanovljen je trend rasta duga kod svih tvrtki, neovisno o njihovoj veličini kao i njihovo različito snalaženje u kompleksnoj situaciji u kojoj su se našle posljednjih godina.

Abstract (english)

Crisis in the oil industry combined with the low oil prices left oil companies in an unfavorable position. The value of oil companies started to decrease, same as their liquidity and profitability while their debt started to increase. This thesis contains analysis of American oil companies and their heavy dependence on market during the period of eight years. Correlations of oil companies’ stock values have been made, in the function of oil and gas price and the price of market indexes S&P 500 and Dow Jones Oil & Gas Producers. Debt growth trend has been recognized among all the analyzed companies, regardless of their size. According to their structure, vertically integrated companies deal much better with the complex situation that has been present for the last few years, in comparison with smaller E&P companies.

• Keywords: tržište; kretanje cijena; dionice; naftne tvrtke; S&P 500; Dow Jones; volatilnost; koeficijent determinacije; Eagle Ford; Permian; Bakken; SAD
• Keywords (english): market; oil price; stock; oil company; S&P 500; Dow Jones; volatility; coefficient of determination; Eagle Ford; Permian; Bakken; USA
• Language: croatian
• URN:NBN: urn:nbn:hr:169:839984
• Study programme: Title: Petroleum engineering; specializations in: Petroleum engineering, Energy production and supply, Environmental protection in petroleum engineering; Course: Energy production and supply; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra inženjer/inženjerka naftnog rudarstva (magistar/magistra inženjer/inženjerka naftnog rudarstva)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2017-09-07 11:01:25