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Analysis of Innovative Activity of Russian Oil and Gas Companies in the Context of World Experience

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Digital Age: Chances, Challenges and Future (ISCDTE 2019)

Abstract

Despite the important role of the oil and gas industry in providing the state with financial resources, there is currently insufficient attention to innovations in this branch that leads to technological backwardness of Russian companies in the world economy. Therefore, there is a need to form an effective system of innovation management. In this regard, the consideration and comparison of the experience of innovative activities of foreign and domestic oil and gas companies is relevant. In this article, a sample of the largest oil and gas companies in Russia was made based on the results of the analysis of revenue and its profitability in 2017. The review of significant innovations and management systems of innovative activity is carried out on the chosen enterprises. Then, the authors assessed intangible assets and R&D results on the basis of annual financial reports for 2015–2017 and gave the comparative characteristic of innovative activity of domestic and foreign oil and gas companies on the basis of unit costs of R&D in relation to the volume of sold products and on the basis of the share of R&D costs in the revenue of companies. On the basis of this analysis, the authors formed conclusions about the innovative activity of the largest oil and gas companies in Russia and recommendations for its improvement.

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Correspondence to E. S. Smolina .

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Smolina, E.S., Kuzaeva, E.Y., Kazakova, O.B., Kuzminykh, N.A. (2020). Analysis of Innovative Activity of Russian Oil and Gas Companies in the Context of World Experience. In: Ashmarina, S., Vochozka, M., Mantulenko, V. (eds) Digital Age: Chances, Challenges and Future. ISCDTE 2019. Lecture Notes in Networks and Systems, vol 84. Springer, Cham. https://doi.org/10.1007/978-3-030-27015-5_34

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  • DOI: https://doi.org/10.1007/978-3-030-27015-5_34

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