Transnationalization processes and the place of european oil and gas companies in the modern global economy

Abstract

The article is devoted to the study of the peculiarities of modern transnationalization processes in the world economy, the establishment of certain peculiarities of the development and the level of transnationalization of European oil and gas TNCs as one of the largest multinational corporations in the world. The essence and main features of transnational corporations are determined, the role of TNCs in strengthening of economic globalization, promotion of further interdependence of national economies and increasing opportunities for the international movement of factors of production are established. The impact of TNCs on the economies of the countries is identified. The main indicators of direct foreign investment and expansion of the activities of TNCs in the world for 2015-2017 are defined. It was determined that the average level of transnationalization of the activities of the largest hundred corporations of the world is gradually increasing in terms of the size of foreign assets, which was 66,08% in 2017. It was found that the European multinational corporations occupy the largest number among the 100 leading corporations of the world in the size of foreign assets in 2017. The analysis of European oil and gas TNCs as leading corporations according to the level of concentration of capital has been carried out. The levels of transnationalization of the largest oil and gas corporations in Europe are investigated.