壳牌资产剥离缘由、途径及其对国内石油公司的借鉴

The Cause and Approach of Shell's Divestiture and Their Lessons for Domestic Petroleum Companies

在对伍德麦肯锡推测壳牌公司并购BG后可能出售资产背后的缘由进行剖析的基础上,指出待剥离资产选择的主要原则,包括处于非核心区域、政治风险大、处于递减期的资产,以及出于提高资产组合的集中度、更加聚焦油气资源类型的需要来选择相关资产。国内三大石油公司已经开始有意识地剥离资产,但总体仍处于相对初期阶段。文章对国内石油公司如何更好地进行资产剥离提出了建议。

Based on the analysis of the cause why Wood Mackenzie speculates Shell may sell assets after its merger acquisition of BG, the article points out the main principles of the selection of assets to peel off, including assets in non-core area, with big political risk and in production decline period, as well as selecting relevant assets from the needs of enhancing the concentration ratio of asset portfolio and still further focusing on oil gas resource types. The three principal petroleum companies at home have already begun to peel off assets consciously, but are still in the relatively initial stage as a whole. The article puts forward several points of view about how to better implement divestiture.