STRATEGIC FINANCIAL RISK MANAGEMENT OF UKRAINIAN OIL AND GAS COMPANIES

The analysis of the current state of the oil and gas sector of Ukraine is conducted in this article and the main problems that increase the level of risk in the industry are defined. The author considered the types of financial risks affecting oil and gas industry businesses, investigated the features of financial risk management. The process of formation and implementation of financial risk management strategy for oil and gas companies is suggested. Financial risk management in the oil and gas industry is fragmented and discrete in nature, not fully considering the needs in qualitative analytical and forecast block at important sector of the economy. The author proposed to carry out the strategic management of financial risks in the oil and gas industry in order to form promising areas of the industry. Therefore, every enterprise must implement a policy of financial risk management and constantly improve it. Consideration, forecasting and analysis of financial risks at the enterprise can prevent, avoid or minimize the effects of adverse events.