Practice of application of WACC and EVA indicators in evaluation of capital structure and market efficiency of production corporations

The article examines the issues of relevance and validity of assessments of capital structure and market performance of large industrial corporations using WACC and EVA indicators, respectively, the weighted average cost of capital and economic value added formed in its operating segment. The economic content and functional role of these indicators is different, however, according to the authors, their close relationship is provided by a common contribution to strengthening the financial basis of the corporation and increasing its financial stability in the face of uncertainty in the commodity and financial markets. In order to confirm this fact, we calculated the dynamics of these indicators for large oil and gas companies operating in developed and developing market economies: PJSC Gazprom (Russia), Reliance Industries (India), Total (France) and Exxon Mobile (USA).