Study On The Impact Of Oil Price Changes On Profitability Of Anton

Nowadays,the new energy technology is still at the stage of the development.Therefore,oil is still an important strategic resource for the economic development of various countries.The development of the oil industry has attracted people’s great attention.With the implementation of the mixed ownership reform in state-owned enterprises,the whole oil and gas industry will face a new situation.The private oilfield service enterprises continue to grow.As a result,it has gradually become another vital part of China’s oil industry.However,there are still many problems in the private oilfield service enterprises in our country.For improving the profitability,the decision-makers need many relevant researches as references.Up to now,the researches on the profitability of the oil industry have never been interrupted.However,the researchs concerning the profitability of the oilfield service industry by China’s scholars is relatively scarce,particularly the private oilfield service enterprises.In current years,the low oil price leads to the slow development of the whole oil industry.In this case,it is even more arduous for the private oilfield service enterprises surviving in the crevice.Currently,Antonoil is the leading enterprise among China’s private oilfield service enterprises.However,its integrated service mode has just started.In order to adapt to the international market,the private oilfield service enterprises including Antonoil should grasp the opportunity,make positive changes,develop the technology and improve the innovation ability.What’s more,Antonoil need to get a stable development in the domestic market,and strive to explore the international market.This paper introduces the tendency of the oil price fluctuation as well as the relevant theories of the profitability,analyzes the correlation between oil price and Antonoil and build regression model.After compares with five oilfield service enterprises in the same industry.The empirical analysis results show that profitable factor of Antonoil responds more quickly to WTI oil prices,and Antonoil have limitedrange for fluctuations in oil prices,which means it has less ability to avoid risks.At last,according to the relevant conclusions to put forward the countermeasures and suggestions.