FINANCIAL PERFORMANCE OF SOUTHEAST ASIA PETROLEUM COMPANIES BEFORE AND DURING COVID-19

• Main Author: Akbar Muhlisin, Irfan
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/63512
• Institution: Institut Teknologi Bandung

Southeast Asia is a region that stores a lot of energy sources such as oil and gas. Since the Covid-19 pandemic began to emerge in Southeast Asia, oil and gas companies in Southeast Asia began to experience a decline in sales and performance. Several companies experienced losses at the end of 2020 due to the Covid-19 pandemic. Evaluating these companies can be analyzed from financial statements. The company's financial ratio analysis (FRA) will use liquidity, solvency, activity and profitability ratios based on the Decree of the Minister of BUMN No: KEP-100/MBU/2002. The oil and gas companies in Southeast Asia analyzed are PT Pertamina, Medco Energi International, Petron Corporation, Petronas, Petrovietnam, Philippine National Oil Company (PNOC), PTT, and Thai Oil. The result is oil and gas companies in Southeast Asia experienced a very significant decline in profits during the Covid-19 pandemic. Companies are trying to make their assets easier to liquidate in anticipation of bad things caused by the Covid-19 pandemic. Oil and gas companies in Southeast Asia find it harder to sell their products during the Covid-19 pandemic than in previous years. Each company tries to maintain their total equity compared to the number of assets and liabilities they have. Many companies have experienced a decline in their predicate from "Healthy" to "Unhealthy to Near Healthy" based on regulations KEP-100/MBU/2002. Return on Equity, Return on Investment, and Total Asset Turnover values are very significantly different between before and during the Covid-19 pandemic.