三大国际石油公司上游投资状况和投资策略分析  

Status and strategy of three majors' capital investment in the upstream

作　　者：肖玉茹[1] XIAO Yuru(Sinopec Petroleum Exploration and Production Research Institut)

机构地区：[1]中国石化石油勘探开发研究院

出　　处：《国际石油经济》2017年第1期58-64,共7页International Petroleum Economics

摘　　要：2015年全球油气上游投资为4510亿美元,比2014年下降了32%,为自2009年以来的最低点。在低油价下,埃克森美孚注重全球经营环境发展趋势的研究,奉行严谨稳健的投资原则,合理控制投资增长速度和投资规模;壳牌削减上游投资,大幅度剥离非核心资产;BP公司实施低成本战略,发展方式由通过收购快速发展转向稳定的有机发展。中国的石油公司投资策略要与投资环境相适应,不断提高市场应对能力;重视大项目的投资决策,严控投资成本;加强投资优化组合管理,优化资产结构。The global oil and gas upstream investment was $451 billion in 2015, a year-on-year decline of 32% and the lowest level since 2009. Under the low oil prices, ExxonMobil focuses on the development trend of global business environment, adheres to rigorous and prudent investment principles, reasonable controls of investment growth and investment scale. Shell cuts the upstream investment and significantly divests non-core assets. BP implementes low-cost strategy and reshapes the development mode from quick development by its acquisition to organic and stable development. It is suggested that China＇s petroleum companies should adjust investment strategy according to the investment circumstances, improve the quick corresponsive ability for market change, attach the importance to investment decision of important projects, strictly cbntrol cost of investment; strengthen investment portfolio management and optimize the asset structure.

关 键 词：低油价 国际石油公司 上游投资状况 投资策略 

分 类 号：F416.22[经济管理—产业经济]