Oil and gas company returns are compared between upstream, midstream, and down-stream sectors from 2000 through 2020. Crude oil, natural gas, and distillate returns reflect project risk, infrastructure, and conditions within the industry. Equity, commodity, and distillate markets positively...

Given that data and information have become the most valuable assets of companies that can be efficiently and economically stored in the cloud infrastructure, there is great pressure on business entities to capitalize on this business and technological opportunity. There is a particular pressure...

Motivated by the European Union's debate on sanctioning crude oil imports from Russia, we estimate the elasticity of substitution between different crude oil types. Using European data on country-level crude oil imports by field of origin, we argue that crude oil is not a homogenous good and...

This study tests for calendar anomalies in returns for petroleum and petroleum products via the futures market, specifically, the day-of-the-week (DOW) effect. The energy future contracts in this study are the WTI (West Texas Intermediate), Brent, RBOB (Reformulated Blendstock for Oxygenate...

The oil and gas industry encompasses a range of different activities and processes, which jointly contribute to the transformation of underlying petroleum resources into useable end-products valued by industrial and private customers. These different activities are inherently linked with each...

These days, China’s exports of petroleum products are rapidly growing. The country has seen a decline in the growth of domestic demand for petroleum products as it adapts to the new normal, where less rapid growth is projected. At the same time, its refining capacity already outpaces domestic...

The US set an oil export ban after the Iranian crisis in the 1970s due to energy security issues. Since US oil production has been continuously diminishing, there had not been many issues until recently. However, after the hydraulic fracturing technology was introduced to development of shale in...

Information quality of financial accounting statements is an issue for readers' decision-making. This study investigates the association of the annual report readability with the firm's weighted average cost of capital (a key ratio used in firm valuations and investments). The study focuses upon...

The broad ownership of public corporations yields substantial economic and social benefits. It encourages companies to focus on investments that can secure strong returns, including new plant and equipment, research and development (R&D), and employment and training of highly-qualified...