Font Size: a A A

Analysis And Suggestions On Profitability Of Offshore Oil Engineering Under The Background Of Oil Price Fluctuations

Posted on:2019-04-04Degree:MasterType:Thesis
Country:ChinaCandidate:F YiFull Text:PDF
GTID:2381330599964059Subject:Business management
Abstract/Summary:PDF Full Text Request
As an important strategic energy,oil is closely connected with world economic development.In recent years,oil price fluctuation has become more and more intense,and the profitability of oil companies has been continuously affected by the price transmission mechanism.In this paper,the oil price in recent 15 years data,and collect the oil companies’ financial data,reflect the corporate profitability profit factor model is established,the reference index choice,combining the actual situation of petroleum enterprise,include sales net interest rate,return on total assets,return on equity,cost,profit margin,sales revenue growth rate,net profit growth rate,capital preservation,advocate business wu income increased,hence operating cash cover nine data,such as a more comprehensive,authentic,systematically reflect the real profitability of the enterprise.Through factor analysis,this paper analysis the profit ability factor score,quantitatively rating for the object of study the profitability of each year,and will profit to analyze correlation factor score and the international oil prices,profit factor and the correlation of high and low oil prices.Based on the analysis of correlation and regression equation,the influence degree of the oil price fluctuations on the major oil companies,and analyze the reasons,and puts forward policy recommendations for cnooc engineering,cnooc,including cnooc engineering to advocate going out strategy;Improving the scale and efficiency of emerging business operations;Deepen innovation-driven strategy and play the role of science and technology;Reducing the efficiency of the present.Since cnooc’s domestic revenue mainly comes from cnooc,cnooc’s strategic development is also proposed.Cnooc needs to coordinate upstream and downstream business development to find profit growth points.Business combination according to break-even point.
Keywords/Search Tags:Cnooc engineering, Oil price fluctuations, Profitability
PDF Full Text Request
Related items