Impact of Increasing the Crude Oil Prices on the Financial Performance of Pharmaceutical Companies Operating in Jordan for the Period (2002-2011) A Case Study of Jordanian Al-Hikma Pharmaceutical Company

Mazen Hassan Basha


This study aimed to identify the impact of increase of the crude oil prices on pharmaceutical companies’ financial performance. The sample of the study included pharmaceutical companies in Jordan as Al-Hikma pharmaceutical Company was particularly chosen to be the sample of the study. Moreover, the study relied on some variables relevant to Al-Hikma pharmaceutical Company’s financial performance, such as (Return on Assets Ratio, Return on Equity Ratio, and Net Profit Margin). Furthermore, the results of the study showed that there was a statistically significance impact of increase of the crude oil price on the Return on Assets, Return on Equity, and Net Profit Margin of Al-Hikma pharmaceutical Company at a significance level (? = 0.05).

The study suggested a number of recommendations such as the central state must search for cheap oil alternatives (i.e. natural gas, solar energy and other energy sources).

Keywords: Crude Oil Prices, Financial Performance, Al-Hikma pharmaceutical Company.

Full Text: PDF
Download the IISTE publication guideline!

To list your conference here. Please contact the administrator of this platform.

Paper submission email:

ISSN (Paper)2222-1905 ISSN (Online)2222-2839

Please add our address "" into your email contact list.

This journal follows ISO 9001 management standard and licensed under a Creative Commons Attribution 3.0 License.

Copyright ©