The Analysis of Financial Stability and Profitability of British Petroleum (BP) for the period 2014–2019
https://doi.org/10.26794/2308-944X-2020-8-1-27-33
Abstract
Any commercial organization tends to make a profit in the course of its activity. As a result, these enterprises may be risky since they take different risks in pursuit of generating a profit and achieving other goals. Taking various risks might make a company less financially stable. In other words, the level of financial stability of a company is likely to be decreased. The importance of the given topic is that analyzing the financial stability and profitability of an entity enables us to determine how financially stable and profitable a company is. Moreover, this analysis allows finding out how particular indicators change from year to year and to prevent a decrease in financial stability and profitability indicators. This paper may be considered as an attempt to analyze the financial stability and profitability of one company from the oil and gas industry, specifically, British Petroleum (BP) for the period from 2014 to 2019. Besides, some recommendations may be developed in terms of increasing the company’s performance indicators if necessary.
About the Author
Yu. Tumanov
Financial University
Russian Federation
Russian Federation
Yuriy Tumanov – International Finance Faculty
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Review
For citations:
Tumanov Yu. The Analysis of Financial Stability and Profitability of British Petroleum (BP) for the period 2014–2019. Review of Business and Economics Studies. 2020;8(1):27-33. https://doi.org/10.26794/2308-944X-2020-8-1-27-33
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