Study On Financial Risk Management Of L Oil Company

The occurrence of any one risk event is a small probability event,but once it happens,it may "shake the ground",and,as long as there are hidden dangers,it is only a matter of time before the risk event occurs.In recent years,domestic petroleum and petrochemical enterprises have experienced a high growth cycle in energy production capacity construction,but in the face of the full liberalisation of the refined oil market,as well as the establishment of the "carbon peak,carbon neutral" national strategy,the green revolution,the electric revolution began to stimulate a new round of industrial change,traditional energy enterprises are facing a reduction in investment,rising costs and Traditional energy companies are facing severe conditions such as shrinking investments,rising costs and fierce competition.Petroleum and petrochemical enterprises are both troubled by chaos and difficulties,but also the opportunity to transform and break the situation,enterprise reform and development challenges and opportunities coexist,difficulties and hopes at the same time,risk prevention and control is not the slightest relaxation.L Oil Company is a branch of a leading domestic oil products sales company in D Province,the main business is the retail and wholesale of refined oil products,operating a large number of outlets,extensive,large transaction amounts,high frequency,belong to the risk of multiple haircut enterprises.The company has a higher degree of marketisation than other units in the system and faces earlier problems than other companies.Therefore,the selection of L Petroleum Company for the study is highly representative and forwardlooking,and has very important implications for the current financial risk management of domestic petroleum and petrochemical enterprises.This paper is mainly based on financial risk management theory,combined with the relevant research results of scholars at home and abroad,through the identification and evaluation of L Oil Company’s financial risks,a comprehensive analysis of the deep-seated causes of L Oil Company’s financial risks and targeted management recommendations.Firstly,the thesis analyses the financial statement data of L Oil Company for the sixyear period from 2016 to 2021,identifies the financial risks of L Oil Company based on the analysis of financial indicators and initially reveals the possible problems;secondly,evaluates the financial risks of L Oil Company through two data models of Z-score and Fscore,and derives the degree of financial risks of L Company under the standard model;then,based on the Then,based on the previous identification and evaluation results,field research was carried out in Petronas L,and comprehensive communication was conducted with its grassroots staff,management,leadership and decision makers,to sort out,summarise and analyse the current financial risks of Petronas L and the reasons for its problems,which were sorted out and summarised in five areas,namely: firstly,lack of institutional planning for cash flow;secondly,problems with investment strategies;thirdly,operational strategies The fourth is the existence of loopholes in the daily management mechanism;and the fifth is the existence of hidden dangers in the employment structure.Finally,the following recommendations are made to prevent or reduce financial risks:firstly,improve the strategic planning and management system of cash flow;secondly,timely adjust the network development plan and optimise the investment project management model;thirdly,accelerate the construction of the membership management system and supply chain system;fourthly,rationalise the interface of responsibilities and establish an early warning system;and fifthly,establish a systematic prevention and control system for non-compliance problems of the grassroots staff.Through this paper,we hope to provide theoretical support for the financial risk management of L Oil Company on the one hand,and provide useful reference for the financial risk management of related enterprises in China on the other.