Análise dos indicadores financeiro: um estudo de caso sobre o impacto da operação Lava Jato no segmento de petróleo no Brasil

Abstract

The present research has as general objective to analyze the impacts on the financial indicators for the Oil, Gas and Fuel companies, against the scenario of Operation Car Wash. For this, a descriptive, documentary and quantitative research was carried out, aiming to report the changes that may have occurred in the accounting data of the companies selected for the study. Public companies listed on B3 were analyzed: Cosan SA, Enauta Participações SA, Petro Rio SA, Petróleo Brasileiro SA Petrobras, Ultrapar Participações SA. The data collected through the balance sheets and financial statements, referring to the period from 2011 to 2019 , available on the Brasil, Bolsa e Balcão (B3) website and on the companies' own website. The Liquidity, Indebtedness and Profitability Ratios were also analysed. The results showed that the oil sector was not only affected by the crisis suffered by Petrobras, due to Operation Lava Jato, but by geopolitical, microeconomic and conjunctural factors. The fall in oil prices that occurred with the financial crisis of 2009 would have been the starting point for the crisis in the sector. It is not possible to say with the results observed whether the exposure of the entire network of corruption within Petrobras would have aggravated the problems already faced by the segment.