强干弱枝聚焦战略核心资产——低油价周期国际石油巨头资产剥离策略分析及启示

Strong Core Weak Focus Strategy Core Assets——The Analysis And Enlightenment Of The International Oil Giant's Divestiture Strategy In The Low Oil Price Cycle

油价下跌两年多以来,无论是油气生产商还是油服公司,都在想尽一切办法抵御油价下行的冲击,尽可能减少公司损失。资产并购与剥离是低油价时期国际石油公司优化资源配置、提高管理效率的重要手段。国际石油公司在严控投资成本、保持油气生产规模稳产、增产的同时,普遍采用出售部分油气资产的做法,体现了运用生产经营和资本运营双轮驱动的经营模式。积极有效的资产剥离在缓解油价低迷对石油公司带来经营压力的同时,也为石油公司进行资源配置整合提供资金动力。

Oil prices fell more than two years, both oil and gas producers or oil companies, are t r ying ever y means to resist the impact of oil prices down, as much as possible to reduce the company losses. Asset acquisition and divestiture is an important means for international oil companies to optimize the allocation of resources and improve management effi ciency. International oil companies in strict control of investment costs, to maintain the scale of oil and gas production and production, while the general use of the sale of part of the practice of oil and gas assets, refl ecting the use of production and operation and capital operation of the two-wheel drive business model. Active and effective divestiture in the oil prices to ease the downturn in oil companies to bring business pressure at the same time, but also for the oil company to provide fi nancial resources for the integration of resources.