nlwxpearo
Joined: 13 Dec 2010
Posts: 520
Read: 0 topics
Warns: 0/5
Location: England
|
 Posted: Sat 10:24, 22 Jan 2011 Post subject: 2005, large foreign oil companies operating condit |
|
|
2005, large foreign oil companies operating conditions and development trends
Intermediates business. 4. Recent realization of large-scale mergers and acquisitions as the key to higher production growth target is 2005, nearly six years, global energy company most frequent year of M & A activity. According to the British Financial Times reported that in 2005, global oil and gas industry, an increase of the value of mergers and acquisitions tripled to 160 billion U.S. dollars, to the highest level since 1998. With the soaring international oil and gas prices and the substantial increase in refinery margins, foreign major oil companies huge profits, while also facing the future reserves of oil and gas production increased pressure. In order to increase production of oil and gas reserves in the near future,[link widoczny dla zalogowanych], the big oil companies once again turning to the capital market, began to select consistent development strategy, assets and good match for the acquisition of medium-sized oil companies. Chevron to 18 billion U.S. dollars acquisition of Unocal, the oil and gas reserves grew 15%, oil and gas production increased by 0.3%, albeit small, but the end of 1998, the company of white oil and gas production has declined for 7 consecutive years of history . Chevron is also strengthened by the acquisition in the Asia Pacific, North America and the Caspian region's competitive position. ConocoPhillips to USD 356 ~ L Burlington Resources acquisition, which is the largest in recent years, oil companies deal with the case. Through this acquisition, ConocoPhillips's net proved reserves of up to 11ML barrels of oil equivalent, is much smaller and the gap between Chevron, the same time as North America's largest natural gas producer. 5. Continue to increase dividends and repurchase of investment. Cash return to shareholders over the white of the last century large foreign oil companies since the late 90's the stock buyback,[link widoczny dla zalogowanych], but the funds for stock repurchases have been relatively small. In recent years, especially in the past two years, due to substantial growth in profits, the oil companies are holding huge amounts of cash. To reduce the risk of re-investment, the common practice of oil companies to increase dividends and share repurchases will be brought about by high oil prices, the excess profit return to shareholders. 2000-2005, five major oil companies in capital expenditures for stock repurchases from 23.5 billion U.S. dollars to 424,7 million; 2005, five companies for stock dividends and cash flow to buy back 76.7 billion dollars, more than 72.5 billion year capital expenditures (see Figure 10). Figure 102005 Five billion years 6 oil changes in cash flow, will be the development of alternative energy and renewable energy as a strategic measure for the future development of the company in recent years, in order to meet growing energy demand, the large foreign oil by Dan Yougong �� I International Khan 20o6.9 Division has attached importance to developing alternative energy and renewable energy, and oil's future development as a strategic move. Shell has already begun 20 years ago, alternative energy research, focusing on the commercialization of solar and wind energy. The company currently has renewable energy as one of the company's five core businesses. White Since 2000,[link widoczny dla zalogowanych], Shell's investment in the development of alternative energy has reached 10 billion U.S. dollars, and has been in the solar, phoenix energy, bio-oil system has made a series of progress. BP in late 2005 set up alternative energy companies, aimed at enhancing the use of alternative energy sources. BP plans will be alternative energy, renewable energy investment budget doubled. The next three years, the company phoenix, solar, hydrogen, carbon sequestration and other areas of investment will reach 18 billion U.S. dollars,[link widoczny dla zalogowanych], ten years reach 80 billion U.S. dollars. BP's goal is the development of the next decade with an annual income of alternative energy sources up to 60 billion dollars in core business. Fourth, the conclusion of the five largest oil companies through the above operations and business strategy analysis, we can draw some conclusions. First,[link widoczny dla zalogowanych], there are many uncertainties facing the business environment, international oil companies are still cautious to implement a strict investment regime. Second, the major oil companies to maintain long-term competitive advantage, are strategic assets and technology investments. Whether structural changes in future oil prices (ie, long-term high) or down to the long-term average level, companies are able to achieve sustainable development. Third, the strategic adjustment of international oil companies has not ended, and carries the new asset acquisition opportunities. In recent years, the face of rising international oil and gas prices brought about by the significant increase in profit, international oil companies to adjust business strategy to maintain a clear development ideas. Although all major companies have focused on business strategy, but all to maximize return on investment as the main target. China's oil companies are moving to international, must have a global thinking and vision, drawing on the major oil companies, while the advanced management idea, plan ahead, the implementation of favorable long-term development of strategic initiatives. Note: Data on paper from the company's annual report. Received :2006 -09-18 Editor: Xia Lihong
The post has been approved 0 times
|
|
