This article examines the possibilities of attracting various sources of financing for investment and innovation activities of oil and gas enterprises in Russia in modern conditions, as well as assessing the possibility of attracting them, taking into account the financial condition of the industry enterprises. The research is aimed at clarifying the prospects for financing the development of the domestic oil and gas complex, taking into account the peculiarities of the current foreign economic and geopolitical situation. © The Authors, published by EDP Sciences. This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (https://creativecommons.org/licenses/by/4.0/).