Pengaruh Harga Minyak Mentah Dunia, Dow Jones Industrial Average (DJIA), Dan Inflasi Terhadap Harga Saham Perusahaan Di Bursa Efek Indonesia (Studi Kasus Pada Perusahaan Sektor Energi Periode 2022-2024)

This study aims to analyze the influence of World Crude Oil Prices, the Dow Jones Industrial Average (DJIA), and Inflation on the Stock Prices of Energy Companies on the Indonesia Stock Exchange for the 2022-2024 period. Using a quantitative approach and multiple linear regression on monthly data from 36 observations, the results show that World Crude Oil Prices have a positive and significant effect (t = 4.180; p = 0.000), while the DJIA (t = -0.994; p = 0.327) and Inflation (t = 1.013; p = 0.319) do not have a significant effect partially. However, all three simultaneously have a significant effect on stock prices (F = 6.732; p = 0.001), with a coefficient of determination (R²) of 32.9%. This finding confirms that energy sector investors in Indonesia are more responsive to fluctuations in global oil prices than to US stock market sentiment, as reflected in the DJIA and domestic inflationary pressures. Practical implications include the importance of developing investment and risk management strategies that take into account the volatility of energy commodity prices, particularly crude oil, as a key indicator of energy sector stock valuation.