Modeling the innovative component of sustainable development of oil and gas enterprises. The case of PJSC ROSNEFT

Peoples’ Friendship University of Russia (RUDN University), Miklukho-Maklaya Str, 6, 117198 Moscow, Russia

Abstract

PJSC ROSNEFT is a member of the UN Global Compact since 2010 and supports the UN Sustainable Development Goals. In the Strategies-2022 (2030), important directions are recorded in which PJSC ROSNEFT will develop. A significant place in them is given to innovative development as an important component of sustainable development. The corporation set a new record in Russia for oil production in 2019 thanks to these developments – 560.3 million tons – and did not go broke in 2020. In our work, we will conduct a study of the innovative component of the corporation's sustainable development in 2004-2020. To this end, the materials of annual and consolidated reports, programs of sustainable and innovative development for 2004-2020 were studied. The Eviews10 econometrics software was used to carry out econometric modeling. The work shows that the obtained linear model is adequate and can be used for predictive calculations for the short term. The exponential model turned out to be inadequate for calculations. The article notes that epidemics, oil and gas wars, geopolitical contradictions have significantly reduced the rate of economic growth of PJSC ROSNEFT. The corporation will have to adjust its sustainable and innovative development programs to reduce costs, stop falling income and return to the previous level of development.