大型国际石油公司提升投资者回报的实践与启示  

Practice and Enlightenment for Large International Oil Companies to Improve Investor Returns

作　　者：杨玉斌[1] Yang Yubin(SINOPEC Corp.Board Secretariat,Beijing 100728,China)

机构地区：[1]中国石油化工股份有限公司董事会办公室,北京100728

出　　处：《当代石油石化》2024年第10期30-35,共6页Petroleum & Petrochemical Today

摘　　要：股息派发和股份回购是投资者收益的重要组成部分,也是公司治理关注的重点。近10年,埃克森美孚、壳牌、bp、雪佛龙、道达尔能源5家大型国际石油公司努力保持每股股息稳中有升,并将股份回购作为提升股东回报的重要方式,适时披露股东回报政策或相关指引,将提升投资者回报放到更加重要的位置。当前,我国正推动资本市场高质量发展,我国大型石油公司可以借鉴国际同行做法,进一步披露派息政策,适时承诺每股股息金额,加强现金流管理,积极实施股份回购,提升股东回报水平,增加公司透明度,巩固公司价值基础。Dividends and share repurchases are important parts of investor returns and also the focus of corporate governance.In the past decade,Exxon Mobil,Shell,bp,Chevron,and Total,five large international oil companies,have strived to maintain a steady rise in dividends per share,and have used share repurchases as an important way to improve shareholder returns.At the same time,timely disclosure of shareholder return policies or relevant guidelines has placed the improvement of investor returns in a more important position.At present,China is promoting the high-quality development of the capital market.Large oil companies in China can learn from the practices of international peers,further disclose the dividend policy,timely promise the amount of dividends per share,strengthen cash flow management,actively implement share repurchase,further enhance the level of shareholder returns,increase corporate transparency,and consolidate the company's value foundation.

关 键 词：大型国际石油公司 股息派发 股份回购 股东回报 

分 类 号：F426.22[经济管理—产业经济] F406.7