Quantitative models for interconnection of indicators for sustainable development of oil companies

Abstract

Currently, there is an established understanding of the importance of the role and efforts of business, including the oil business, in achieving the global goals of sustainable development set by the UN, which determine the need to implement an integrated and balanced approach to development in the economic, environmental and social aspects The formation, implementation and adjustment of sustainable development strategies for oil companies of Russian origin are considered on the example of the sustainable development strategy of PJSC LUKOIL, a vertically integrated private transnational oil company, which accounts for 2% of world oil production and 1% of proven hydrocarbon reserves. The article is devoted to the results of studying the relationship between individual indicators of sustainable development on the basis of sectoral statistics tools. The study is based on the hypothesis of the relationship between the level of the company's capitalization and such an indicator of sustainable development as the replenishment of hydrocarbon reserves as a result of geological exploration. The relevance of the article is determined by the need to ensure production with hydrocarbon reserves and the rational use of non-renewable natural resources, as well as to study the attitude of oil companies to the prospects for the development of their main business in an unstable economy and the need to adjust strategies. The authors made an attempt to determine the closeness of the relationship between these indicators using the correlation regression analysis.