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Analysis of the economy of the oil and gas sector in the Russian Federation

Annotation

Introduction: the oil and gas sector for Russia has long been the basis for the economy. The article analyzes the current state of this area to determine potential paths of development. Data and Metods: the article deals with the current state of the oil and gas sector, its main trends and development prospects, examines the current state of the largest oil and gas companies in Russia, their income, profitability and capitalization in the stock market, analyzes the dynamics of government revenues from taxation in the oil and gas sector over the previous 10 years The reasons for the change in the amount of income are indicated, conclusions are drawn on the current state of the economy of the oil and gas sector in the Russian Federation. Special attention was paid to the connection of the amount of the Reserve Fund and the National Wealth Fund from the revenues of the oil and gas sector and the impact of the capitalization of the oil and gas sector on the Russian stock market. Analys of Results: the article examines the relationship of prices for Russian oil products with prices for global brands, considers the volumes of production and export, as well as the depth of oil refining, reflects the influence of these factors on the revenues of the oil and gas sector. Reflected the results of the analysis of these factors. The author’s opinion on possible further ways and directions of development of oil and gas enterprises is presented.

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