文献类型：会议论文

英文题名：Performance comparison and strategy selection of oil companies under the normal environment of low oil price

作者：Zhihong, Yu[1,2]

机构：[1] Safety Engineering Department, China Institute of Industrial Relations, Beijing, China; [2] School of Mechanical and Transportation Engineering, China University of Petroleum, Beijing, China

会议论文集：ISME 2015 - Proceedings of the Information Science and Management Engineering III

会议日期：October 7, 2015 - October 8, 2015

会议地点：Wuhan, China

语种：英文

外文关键词：Budget control - Optimization - Petroleum industry - Strategic planning

外文摘要：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.