The purpose of this study is to determine the financial performance of oil and gas
sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the
2021-2024 study period using the Economic Value Added (EVA) method. This study
uses a descriptive quantitative approach with secondary data sources obtained
from consolidated financial statements and income statements of oil and gas subsector companies published on the Indonesia Stock Exchange during the 2021-2024
period. The results show that the majority of companies in the oil and gas subsector listed on the Indonesia Stock Exchange during the 2021-2024 study period
generated positive Economic Value Added (EVA) values (EVA>0). This condition
indicates that companies in this sub-sector have generally been able to create
economic added value for shareholders. A positive EVA value generated by a
company reflects that the rate of return on invested capital has exceeded the cost
of capital borne by the company, so that the company's overall financial
performance can be categorized as being in good condition and efficient in
managing the company's financial resources.