Strategic Analysis Of Chinese Oil Companies Respond To Changes In International Oil Prices

Since ancient times, oil is the most important source of energy of the country’s economic development. With the development of science and technology, the industrial processes faster,the oil is more essential, and even the oil become the world competition for strategic resources. Therefore, oil is still the top of the international energy structure,fluctuations is frequent in international markets under the Petroleum Age.China enters the 21 st century, with the rapid increase of productivity of economic development, China’s demand for oil is growing, from the long term, technological development and national defense, from the short term, production and life, China’s oil market has already in short supply. After the 2008 financial crisis with its oil price volatility, the amplitude of up to 100 points, oil prices pushed to the cusp once again at the huge fluctuations,oil prices caused a major impact at the international level. Faced with international oil prices fall, most countries made an emergency response and took measures. At the same time, China’s growing dependence on oil, foreign dependence index from the 21 st century, just 30%, however, in 2015 has exceeded to 60%. Based on the situation of China’s demand for oil, China’s oil industry could face resistance on live risk, as well as the international oil price fluctuations on China’s oil industry when the international oil price volatility are worthy of research.This paper studies the impact of oil price fluctuations on the international oil companies in our country. First, i summed up the four stages of the development of oil and the price fluctuations and the characteristics of each stage, in order to pave the way for later research. Then the trend of the future situation in international oil prices make a brief analysis. Secondly, i summarized the factors affecting the international oil price fluctuations, elaborated three factors,exchange rates, supply and demand and cost. Analyzing the impact of oil price fluctuations on our international oil companies, mainly from the enterprise development environment, upstream and downstream industries, international competitiveness and viability of four point of view, generally speaking,the impact of both good and bad, more harm than good of the international oil prices fluctuations on China’s large oil companies. In this paper, in order to increase reliability, using correlation analysis method, combined with the operating conditions in the oil analyzed theoretically. Finally, the article focuses on the adverse effects of the chapter analyzes the proposed countermeasures international oil price fluctuations on the impact of China’s oil companies.