Methodology of setting strategic goals and key performance indicators for oil and gas companies

The article deals with the value of goal-setting in oil and gas companies. One way to implement the goals and the strategies is a system of key performance indicators. This system should be based on target criteria. The author suggests a variety of goal setting methods in the company. The main features and conditions for application of these methods are outlined. The necessity to coordinate the target parameters with the sustainable development strategy implemented in the oil and gas companies is emphasized. The paper presents guidelines concerning application of the author's approach and designates areas for further development of methodological bases.