石油巨头剥离非核心资产路径与启示  

The Path And Inspiration Of Oil Giant 'S Stripping Non-Core Asset

作　　者：徐东[1] 

机构地区：[1]中国石油规划总院工程经济研究所

出　　处：《中国石油企业》2017年第3期41-44,2,共4页China Petroleum Enterprise

摘　　要：考虑本轮低油价持续性,2016年及以后一段时期,进一步剥离非核心油气资产仍将是国际石油公司、独立石油公司的主要并购交易策略。目前除埃克森美孚和挪威国家石油公司尚未明确提出未来资产剥离目标外,壳牌、雪佛龙、道达尔、康菲等大型石油公司均表示将继续大规模剥离非核心油气资产。估计全球待出售资产的潜在交易规模大约在2000亿美元。随着油价持续低迷,抛售非核心资产和惜售优质资产的局面将会愈演愈烈。因此,必须对此轮已经和即将出现的资产剥离新方向、新方式予以科学分析和总结。Considering the low oil prices in the current round, further stripping of non-core oil and gas assets in 2016 and beyond will continue to be the major M & A strategy for inter national oil companies and independent oil companies. Shell, Chevron, Total, Conoco Phillips and other large oil companies have said they will continue to divest non-core oil and gas assets on a large scale, except that Exxon Mobil and Norwegian National Oil Company have not yet clearly proposed future divestiture targets. It is estimated that the potential transaction size of the world's assets to be sold is about $ 200 billion. With the continued downturn in oil prices, selling non-core assets and reluctant to sell high-quality assets will intensify the situation. Therefore, it is necessary to this round has been and the upcoming divestiture of new directions, new ways to be scientifi c analysis and summary.

关 键 词：石油公司 雪佛龙 交易策略 国际油价走势 交易规模 持续性 油气行业 现金流 财务结构 常规油气 

分 类 号：F416.22[经济管理—产业经济]