关键词: 公司效益, 油价波动, 敏感分析, 相关分析, 改进对策

Abstract:

This paper, based on the summary of worldwide data and references, analyzes the benefits of petroleum enterprises according to their net profits, sales return rate, ROACE, etc. With the relativity between economy added values and key index regression model validation, this paper verifies the relativity between market values and finance and operation key index, meaning a rational benefit index. The sensitivity of oil price and economic added values and ROACE indicates that oil price rise will lead to a rise in ROACE and EVA. The sensitivity trend of enterprises' benefits to oil fluctuation implies the investment shall be focused on costs and structure. The oil enterprises are encouraged to select the attractive opportunities to increase the investment in sustainable and alternative energy projects. Risk management can be more flexibly to attain the maximum benefits.

Key words: enterprise benefits, oil fluctuation, sensitivity analysis, relativity analysis, approaches