Business & Entrepreneurship Journal

Risk management issues in a company

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  • Abstract

    In the energy sector, the most significant risk is price risk. Everyone knows that the price of oil is determined by the free market, which can be whether fast growing or rapidly falling. In recent years, oil prices have behaved ambiguously, showing that the facts support the changes in oil prices. Risk management of changes in the price of oil requires special attention to companies whose main source of income is the production and export of crude oil. The main income of these companies accounted for revenue derived from oil export sales.. In this situation, the calculation of potential losses from the sale of exported crude oil is a must, and should clearly distinguish between the roles, functions and levels of responsibility in risk management of all participants in the system of company risk management.