Performance Comparison and Strategy Selection of Oil Companies under the Normal Environment of Low Oil Price
Yu Zhihong
2015
Abstract
Under the normal environment of low oil price, the financial performance of most oil companies dropped significantly. Based on the analysis of performance gap of all three kinds of oil companies during low oil price period, it has been disclosed why Chinese oil companies went through low oil price with much worse performance compared with multinational oil companies according to further performance analysis by business sections. Based on the different strategies adopted to deal with low oil price by oil companies, it has been proposed for Chinese national oil companies to accelerate marketization, optimize the structure of upstream production, optimize the layout of midstream, downstream and chemical business, strengthen the development of special technology and carry out strategic management of the budget.
References
- Peng Yuanzheng. 2014. “Dropping International Oil Price and Strategy for Petroleum Enterprise”. China Petroleum Enterprise. (12):27-32
- Wang Zhen, Wang Rulang, Xiao Fei. 2009. “Analysis on Multinational Petroleum Companies Tactics on 0il Price Fluctuation”. Techno-Economics in Petrochemicals. (4):14-17
Paper Citation
in Harvard Style
Zhihong Y. (2015). Performance Comparison and Strategy Selection of Oil Companies under the Normal Environment of Low Oil Price . In Proceedings of the Information Science and Management Engineering III - Volume 1: ISME, ISBN 978-989-758-163-2, pages 20-25. DOI: 10.5220/0006018400200025
in Bibtex Style
@conference{isme15,
author={Yu Zhihong},
title={Performance Comparison and Strategy Selection of Oil Companies under the Normal Environment of Low Oil Price},
booktitle={Proceedings of the Information Science and Management Engineering III - Volume 1: ISME,},
year={2015},
pages={20-25},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006018400200025},
isbn={978-989-758-163-2},
}
in EndNote Style
TY - CONF
JO - Proceedings of the Information Science and Management Engineering III - Volume 1: ISME,
TI - Performance Comparison and Strategy Selection of Oil Companies under the Normal Environment of Low Oil Price
SN - 978-989-758-163-2
AU - Zhihong Y.
PY - 2015
SP - 20
EP - 25
DO - 10.5220/0006018400200025