The relationship between companies’ performance and the price of petroleum in Iran

The world economy has experinced many positive and negative fluctuations in the price of petroleum in different years many if which affect macro economic variables in most countries and challenge their economies. This makes these countries devise solutions to escape the negative impacts so that exporter countries of petroleum which are highly vulnerable to negative price shocks fund institutions to sav the surplus earnings of selling petroleum during periods of high prices. the institutions are used during intervals of negative price shocks. The oil revenue in Iranian economy is one of the most important variables affecting the economy of petroleum exporting countries (PECs). Therefore, this is very important for Iran to investigate the issue. The direct impact of petroleum price change on the economy of our country affects performance of companies accepted in Stock Exchange.