2017年国际大石油公司上游经营趋势及战略动向

Oil Majors' Upstream Operation and Strategy Trends in 2017

随着国际油价的企稳回暖,国际大石油公司上游板块普遍实现盈利,经营形势大幅好转。本文通过分析2017年国际石油公司的经营情况,发现上游发展呈现出发展基础有所增强,油气替代率与储采比普遍提高;油气产量平稳增长,逐步从"油气"公司向"气油"公司转变;经营效果明显好转,普遍实现盈利的态势。上游发展呈现出成本上更加注重"控制典范",对低油价的适应能力普遍提升;资产上更加注重"灵活剥离",向擅长的高效盈利领域集中;业务上更加注重"长远布局",向综合性的能源公司转型的战略动向。

The upstream sectors in oil majors have swung to profit on the stable recovery of oil price, with favorable operation prospects. By reviewing the performance of oil majors in 2017, this paper finds the defining characteristics and trends in their upstream sectors as follows： reinforced foundation for further development, improved hydrocarbon replacement ratio and reserve-production ratio, stable growth of hydrocarbon output, conversion to ＂gas plus oil＂ operator from ＂oil plus gas＂ one, and profitable operation with better results as a whole, It also reveals that the upstream sectors are strategically more focused on the ＂cost control＂ to stay more relevant amid low oil price, the shift to favorite and lucrative fields by ＂flexible asset stripping＂, and the ＂long-term layout＂ in transition to a comprehensive energy company.