Research On Oil Company Financial Reporting Analysis And Evaluation

Petroleum is the most important fossil energyin the world, known as the "blood" of modern industrial economy, is to protect a country’s economic development, political stability and military security of vital strategic materials. With the development of economic globalization, the world’s growing demand for oil, for oil "compete" with the control will become increasingly fierce, can be expected before the new energy revolution is yet to come, this trend will not be reversed. As the main oil companies involved in this competition, analysis, evaluation of their financial situation, help countries to develop international development strategy of the oil industry from the macro, help the industry department of the industry rational allocation of resources, help managers to properly assess current business conditions, the timely detection of problems, improve corporate financial management, help investors choose to invest in objects based on reasonable business profitability and profit distribution and other financial information to make their biggest profits.By studying the literature on the theory of financial analysis can be seen, the US oil companies with a more complete financial analysis and evaluation system, research in this area focused on domestic general corporate financial analysis universal indicator system for the reserves expanded around Special Index of oil companies is not enough in-depth analysis. Based on the reference base abroad mature financial analysis theory, focuses on the oil companies and the special business environment indicators reflect the special characteristics of oil production and operation, and try to build a theoretical framework for oil companies financial analysis and evaluation, and in our country largest oil companies - in the case of oil for specific applications do analysis.The paper is divided into six chapters, the main contents are summarized as follows:The first chapter introduces the research background and significance, research status of domestic and foreign oil companies on financial analysis and comprehensive evaluation of two aspects were reviewed to determine the main contents of the paper, research ideas and research methods.The second chapter is on the theory of the sort and summarize. This article mainly related to asymmetric information theory, financial analysis three basic theory and gray theory theory.The third chapter is to build oil companies financial analysis and comprehensive evaluation of the theoretical framework. On the basis of analyzing the characteristics of the oil business, the business environment analysis and special oil company financial analysis indicator analysis, oil companies build the framework of financial analysis. On the basis of the financial analysis of the oil companies, by selecting evaluation index system, the choice of indicators weight determination methods and comprehensive evaluation framework to further build a comprehensive evaluation of the oil business finance.The fourth chapter in the oil as an example to analyze its financial status, is one of the core content of this article. Petroleum corporate financial analysis framework built modeled Chapter Ⅲ of the oil financial analysis. Not only from the perspective of time, longitudinal comparison, to explore its financial condition trends over time, but also domestic oil companies and other horizontal comparison and found that the merits of the financial situation of the oil.The fifth chapter is on the comprehensive evaluation of the financial situation of the oil, but also part of the core content of this article. From the dynamic analysis and static analysis two perspectives on comprehensive financial condition of the oil to be evaluated. Whether it is a dynamic analysis or static analysis, uses a comprehensive evaluation of the following eight steps: first, selecting indicators and data collection; the second step, to determine the optimal set of indicators; the third step, the raw data were normalized; s four steps were gray correlation analysis; fifth step to determine the index weight; sixth step, determine the evaluation matrix; seventh step, gray comprehensive evaluation; eighth step, a comprehensive analysis of the evaluation results.The sixth chapter is to summarize the research for this article.