Influence of macroeconomic factors on the capitalization of fuel and energy companies

When comparing the market capitalization of Russian fuel and energy companies with their foreign counterparts, it becomes evident that Russian companies have lower market capitalization despite having comparable or superior production volumes and proven reserves. The purpose of this article is to analyze the factors influencing the market capitalization of leading fuel and energy companies in Russia. The research methodology is based on a systematic approach, utilizing methods of analysis and synthesis, combining logical and historical perspectives, functioning and development, induction and deduction. The primary approach employed is correlation-regression analysis. The practical significance of this work lies in the fact that the results and recommendations obtained can serve as a basis for managing the market capitalization of Russian companies. During the study, the authors identified a significant influence of internal and certain macroeconomic factors on the market capitalization of the leading fuel and energy companies of the Russian Federation. Recommendations are provided to enhance the market capitalization of these companies.