中海油:价值链上的舞蹈

CNOOC:Dancing on the Value Chain

中国海洋石油总公司(中海油) 是中国石化行业的一只天鹅。 它轻盈(规模小)、 精干(效率高)、 漂亮(资本回报率高),自从2001年戏剧化的海外上市之后, 一直是海外投资者追逐的对象。

China National Offshore Oil Corp. (CNOOC) is a swan in Chinese petrochemical industry. It is lightsome (with small scale), keen (with high efficiency) and beautiful (with high capital return). It has been pursued by overseas investors since its dramatic listing abroad in 2001 .CNOOC has since then raised large funds for the sake of furture development from capital market.Mr Wei Liu Cheng knows that he must grasp the great opportunity to make the company realize the bouncing development it has always longed for. He is hopeful to turn it into a 'first-rate intergrative energy company with international competitiveness'. By purchasing upriver and building downriver, a complete industry chain has run into a material operation. Will it be energetic in the future ?