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China oil won the world's third largest oil company

China oil won the world's third largest oil company

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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China oil won the world's third largest oil company

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information
Recently, the United States "petroleum Intelligence Weekly" (PIW) announced the world's largest oil companies in the world's top 50 rankings in 2015. The latest rankings change, showing the world's major oil companies in the face of low oil prices and sustainable development capacity.
According to the latest rankings, in 2015 the world's top ten oil companies is Saudi national oil company, Iran national gas company, China Petroleum Corporation, Exxon Mobil Corp, Venezuelan National Oil Co, the Royal Holland / Shell Group, BP company, Rosneft, the Russian gas company and the parent company respectively. Compared with last year, the world's ten largest oil company rankings remained stable, in addition to the Russian gas company fell 1, total chevron was out of the top 10, the rest of the company ranked no change.
China's three major oil companies also have little change in the rankings. China's oil is not only a comprehensive ranking continue to maintain third, and the 6 indicators have remained in the rankings last year, has been ranked the world's ten largest oil companies in the world for 15 consecutive years. China Petrochemical ranking although also maintained a nineteenth place, but its oil and gas reserves, crude oil production, natural gas production increased by 1, 2 and 3 ranking, the other indicators have not changed. Chinese CNOOC comprehensive ranking fell 1, ranked thirty-second.
Although the international oil prices slump, the market demand is not strong, but the world's top ten oil companies basically stable rankings, also confirmed that the company should not be underestimated the strength of the development of these. According to statistics, the world's top ten oil companies total oil and gas reserves, oil and gas production, oil refining capacity and oil sales accounted for 30% to 50% of the world's share.
Because of the low oil price, the oil companies generally compressed the investment budget, the M & A activity is not frequent, and more focus on the strategic needs rather than the size of the expansion, so the impact of mergers and acquisitions on different oil companies have different. Because of mergers and acquisitions and the rise, fall, and the same as a result of the oil companies are reflected.
According to the China Petroleum and economic technology research institute, the low oil prices will have a significant impact on the oil companies in the next one or two years. Focus on the development of oil and gas resources in shale oil company, advance the strategic adjustment in response to changes in the market and other major international oil companies Exxon Mobil, increase cash return and stripping of low yielding assets independent oil company, will be the touchstone of lower oil prices, usher in a more fierce market reshuffle.
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