The Study Of Oil Enterprise Financial Benchmarking

Benchmarking was regarded as one of the three major management methods together with strategic alliance and process reengineering in 1990s.Benchmarking can improve management level and general strength of organization rapidly and encourage enterprises to shift to learning-oriented enterprises. With China's gradual integration into the world economy,China's leading companies within various industries (especially the central enterprises) should be actively engaged in benchmarking, which found the gap between the benchmark enterprises to improve their management level, to improve their competitiveness. Our country's oil companies as the central enterprises, although in a monopoly position in the country, but compare with the foreign major oil companies, there are still some gaps, so the imperative to carry out benchmarking.Financial benchmarking is an important element of benchmarking, our country's oil companies compare with the world's leading oil companies that can be a clear understanding of our oil companies with the world's leading companies in the solvency, profitability, operating capabilities and the development of capacity gaps. Awareness and analysis of these gaps, our country's oil companies can make improvements in all areas so as to enhance the management level of our country's oil companies to raise international competitiveness, shorten the gap between international oil companies.This paper related to finance theory to the standard theoretical basis to analyze and learn from at home and abroad on the subject of successful experience in financial benchmarking, presented the necessity and feasibility of financial benchmarking of our country's oil companies, and detailed analysis how to create financial benchmarking index system of our country's oil companies and how to implement financial benchmarking and at last propose safeguard measures. This topic seeks to do some research on our country's oil companies financial benchmarking; the purpose is to prepare for our country's oil companies financial benchmarking.