THE INFLUENCE OF WORLD OIL AND NATURAL GAS PRICES IN THE STOCK PRICE OF OIL AND GAS COMPANIES IN IDX BEFORE AND AFTER THE RUSSIAN INVASION ON UKRAINE

• Main Author: Fernady, Dhegatala
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/84334
• Institution: Institut Teknologi Bandung

The Russian invasion of Ukraine in early 2022 had a significant impact on the changes in global oil and natural gas prices, as Russia is one of the world's largest oil producers. The fluctuations in global oil and natural gas prices also influenced the stock prices of oil and gas companies in Indonesia. This study aims to determine whether there were significant changes in global oil prices, natural gas prices, and the stock prices of listed oil and gas companies during the specified period. It also analyzes whether there was a significant impact of changes in global oil and natural gas prices on the stock prices of oil and gas companies in Indonesia listed on the IDX during the period before and after the Russian invasion of Ukraine, from 2021 to 2023. This study employs a quantitative method and involves seven sample Indonesian oil and gas companies with the largest market capitalization that have reported financial data from 2021 to 2023. Data that was used in this research is secondary data with purposive sampling methods. The data analysis used includes classical assumption test, multiple linear regression analysis, as well as F-test and T-test. The results of the study indicate that the Russian invasion of Ukraine caused significant changes in global oil and natural gas prices from 2021 to 2023. Movements in global oil prices influenced the stock prices of the examined oil and gas companies, while movements in natural gas prices did not affect the stock prices of the examined oil and gas companies.