The change in investment attractivness of Russian gas and oil companies on the current Russian stock market.

<p style="text-align: justify;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Bachelor&#39;s work &nbsp;&quot;The change in investment attractiveness of Russian gas and oil companies on the current Russian stock market &quot; contains 2 figures , 9 tables and 7 applications. The amount of work is 80 pages. 40 sources was used for writing this work. Keywords: investment attractiveness of shares, the factors which influence changing in the investment attractiveness, vertically integrated oil companies, oil industry, fundamental analysis of oil companies, financial analysis of oil companies.</p><p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recently, more and more people think about successful investing. The most convenient way to invest is the stock market where you can buy shares of many companies and so on. But stock market prices are very fluctuate, and the stock market has a lot of its own features. Therefore, to invest in the stock market successful it is needed to know the methods of valuation of shares of individual companies and the factors which influence the changes in the attractiveness and value of financial instruments, as presented in this paper, and which makes this work <strong>actual</strong>.</p><p style="text-align: justify;">The <strong>aim</strong> of this work is, firstly, consideration the factors which influence the change in the investment attractiveness of the oil companies, and secondly, evaluation and comparison the shares of some oil companies. The<strong> object</strong> of this research work are the shares of Russian oil companies. The <strong>subject</strong> of the study are changes in the investment attractiveness of the oil companies. <strong>Scientific novelty</strong> consists in the application of methods of assessing the investment attractiveness of the shares in Russian oil companies. <strong>Practical significance</strong> of the work is in the fact that the main conclusions of the bachelor&#39;s work can be used by investors when deciding to select objects of investment of Russian vertically integrated oil companies.</p><p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The work includes analysis of the literature related to the stock market and the oil industry, the study and synthesis of domestic and foreign practice of evaluation of investment attractiveness of shares, the comparison of oil companies.</p><p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The structure of bachelor&rsquo;s work includes three chapters. <strong>The first chapter</strong> describes the methods for assessing the investment attractiveness of the companies, a comprehensive evaluation algorithm. <strong>The second chapter</strong> analyzes the internal and external factors of changes in the investment attractiveness of the oil companies. <strong>In the third</strong>, practical part, it is estimated the investment attractiveness of &nbsp;shares of the company &quot;Lukoil&quot; and &quot;Rosneft&quot;, the changes in their investment attractiveness for the period under review, as well as a comparison between the companies. <strong>In conclusion</strong>, are made outcomes of the work, are formulated the final conclusions.</p><p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; During the practical part the financial analysis of the oil company &quot;Lukoil&quot; showed that the issuer is reliable to pay current payments in terms, is capable to provide payments on borrowed capital and investment in the shares of the company are effective, but they are not quite reliable. If we observe the change in the financial condition of the company over the past few years, they have significantly changed the following parameters: the ratios of equity and debt (borrowing of company had decreased, therefore the portion of the income spent on payments on current interest had significantly increased ); profitability (profit changes/increases in a slower pace than revenue of sales, the cost of the company&#39;s assets and shareholders&#39; equity); market performance (had changed for the better and now shows that the numerical value of dividends paid and their percentage increased significantly, so the payback period of the shares had decreased ) .&nbsp; &nbsp;</p><p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial analysis of the oil company &quot;Rosneft&quot; revealed that the company is able to maintain with current payments, is effective in management of their assets and for investors is effective to invest in shares of the company. But &quot;Rosneft&quot; can service its debt weakly, as it has a lot of borrowed funds, besides the reliability of investments in shares of the company is low. In the dynamics the company has changed dramatically for the better: liquidity ratios had doubled; productivity and capital productivity of the company had changed/increased significantly; the company&#39;s dividend policy had changed, in which the percentage of dividend payments had tripled, and the carrying value of the shares had rose at four times.</p><p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparing these companies between themselves and their change in investment attractiveness, analyzing their shareholding structure and implementation scheme of its products, it can be concluded that in the short term the financial performance of&nbsp; &quot;Lukoil&quot; is more effectively. But in the long term it is more attractive &quot;Rosneft&quot; oil company, as it has several expensive and long-term agreements, diversifiable circuit sales of their products and state support.</p>