Geopolitical risks in the context of influencing the business success of oil companies can be described as risks associated with a crisis, which significantly affects the peaceful orderly course of their international relations, which is consequently reflected to the destruction of the operations of oil companies in the form of a drop in their market value and an increase in operating costs caused by the rise in energy prices. The geopolitical influence on their business thus includes the probability that these risks will be potentiated by the intensification of current events. Such risks could increase tensions at the national and international level, so concerns about geopolitical risks have been growing in recent years, especially in the domain of the international energy market, as a result recent geopolitical conflicts and tensions in the world. This reflects the fact that both experts and energy policy makers pay great attention to geopolitical events on the international scene. The aim of the thesis is to determine how geopolitical activities in Europe affect the operations of European oil companies - whether their operations are destabilized and how geopolitical energy affects their business success. The current variation in energy prices in Europe was triggered by the war in Ukraine, which is an obvious example of geopolitical influences on European energy prices. Europe is struggling to reduce its reliance on Russian fossil fuels. Energetics are very important products of commodity exchanges because many world economies depend on them. Geopolitical influences and risks seriously destabilize the operations of European oil companies in the context of global negative connotations, such as the health corona crisis. In contrast, regional geopolitical situations destabilize their financial operations to a lesser extent and these effects are reduced with a return to earlier levels of valorization on the financial situation.