The Research On Strategies For Solving Overseas M & A Issues Of China Oil Company

Overseas M&A,particularly for major oil companies,has become a significant impetus of the business development,which plays key influence not merely on the resources integration,but on the development of the industry.Through the analysis of recent changes in the ranking of international oil company,it is obvious that the upwards ranking caused nearly by large-scale M&A activities.Throughout recent years,China’s oil companies acquired a large amount of assets by overseas M&A activities,which ever owned by other international oil companies.However,the effectiveness has aroused widespread concern in academic circles.Three major overseas M&A stages witnessed by Chinese oil companies were discussed in this paper.The characters were summarized,and key issues were proposed based on the analysis of the public M&A data.Seven parts involved here,the first is the general introduction of M&A’s significant,purpose and methods frequently utilized in M&A deals,then the theoretical basis is listed and underpinned by analyzing the intention of M&A deals in the second part,furthermore,the M&A progress and experiences on international oil companies are concluded in the third parts,the main cases of China’s oil companies overseas M&A are provided for further illustration of its difficulties and challenges in the forth part;subsequently,case study on CNOOC and NEXEN acquisition is taken and demonstrated in the fifth part,as well as trends for overseas M&A activities are presented and strategies are put forward accordingly in sixth part,summaries are presented on both sides of government authorities and enterprises in the seventh part eventually.Chinese oil companies gains many international oil and gas assets while industry downturn,which appears to be successful,however,In terms of another perspective,the transformation from external to internal,would not really a bad thing for oil companies,especially for these experienced companies,optimizing the assets qualities following the economic cycle.Chinese oil companies have paid high tuition for the M&A deals to understand international rules,but still be with uncertainty and ambiguous in the future,hence,the ideas needs to be upgraded,which should be driven by the strategy instead of opportunity,and tended to pursuing for quality and efficiency.