Proceedings of the International Conference on Economics, Business, Management and Accounting (ICEBesMA 2025)

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The Impact of Global Oil Price Movements and Foreign Exchange Rates on Return on Assets of PT Medco Energi Internasional Tbk

Authors
Elfina Okto Posmaida Damanik1, *, Yusniar Lubis1, Robert Tua Siregar1, Sri Martina2, Resna Napitu2
1Faculty of Economics, Universitas Prima Indonesia (UNPRI), Medan, Indonesia
2Universitas Simalungun, Pematangsiantar, Indonesia
*Corresponding author. Email: elfinaopdse83@gmail.com
Corresponding Author
Elfina Okto Posmaida Damanik
Available Online 31 December 2025.
DOI
10.2991/978-94-6463-960-5_2How to use a DOI?
Keywords
Global Oil Prices; Exchange Rates; ROA
Abstract

This study investigates the influence of global oil price fluctuations and exchange rate movements on the profitability of PT Medco Energi Internasional Tbk, measured by return on assets (ROA). The research adopts a quantitative descriptive approach, utilizing time series data from 2004 to 2024 and applying multiple linear regression analysis with SPSS version 26. The findings reveal that crude oil prices have no statistically significant effect on ROA ( t = - 1.628 ; p = 0.121 > 0.05 ), while exchange rates also show no significant impact ( t = - - 0.283 ; p = 0.780 > 0.05 ). Furthermore, the simultaneous F-test confirms that both variables together do not significantly affect ROA. These results suggest that external macroeconomic factors are not the primary drivers of profitability. The study is limited to one company and linear modeling, yet it contributes to financial management literature by emphasizing the importance of strengthening internal corporate strategies to ensure sustainable profitability.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Economics, Business, Management and Accounting (ICEBesMA 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2025
ISBN
978-94-6463-960-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-960-5_2How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Elfina Okto Posmaida Damanik
AU  - Yusniar Lubis
AU  - Robert Tua Siregar
AU  - Sri Martina
AU  - Resna Napitu
PY  - 2025
DA  - 2025/12/31
TI  - The Impact of Global Oil Price Movements and Foreign Exchange Rates on Return on Assets of PT Medco Energi Internasional Tbk
BT  - Proceedings of the International Conference on Economics, Business, Management and Accounting (ICEBesMA 2025)
PB  - Atlantis Press
SP  - 7
EP  - 18
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-960-5_2
DO  - 10.2991/978-94-6463-960-5_2
ID  - Damanik2025
ER  -