Research On Financial Risk Evaluation And Control Of A Petroleum Engineering Company

The last two years,affected by the "new normal" macro economy and the oil development strategy adjustment,the market of petroleum enterprise's situation is in the descending stage,this brings financial risk to the enterprise.Therefore,how to identify and assess the petroleum enterprise's financial risk actively,and take appropriate measures to control the financial risk of enterprise is an urgent problem to be solved for the enterprise.In this paper,I selects A petroleum engineering company as the research object.Then,identifying and assessing the petroleum enterprise's financial risk bases on the generalized definition of financial risks and the basic theory of the financial risk assessment and control,as well as taking appropriate measures.This paper introduces the background and significance of the research first,and defines the financial risk,then the relevant literature is reviewed from the definition of financial risk,financial risk evaluation and financial risk control,At the same time,this paper expounds the main content and research methods of the article.Secondly it introduces the relevant theories of financial risk evaluation and control.Thirdly identify the financial risk from the debt risk,operational risk,earnings risk and cash flow risk.After that using the analytic hierarchy process to evaluate A company's financial risk,and finding the cause of A company's financial risk.The main reasons are the single financing channel,the poor liquidity of the assets,the imperfect market structure,the urgent need to strengthen the bidding system and so on.Under the action of these factors,A company has emerged the risk of debt service,operating risk,profit risk and cash flow risk.On this basis,the corresponding control measures are summarized.Aspects of debt servicing risk,publishing long-term bonds and reducing current liabilities are necessary.Aspects of operational risk,The company should strengthen the management of accounts receivable and strengthen market development layout and the incentive policy research.Aspects of profit risk,the company can improve the tender offer system and build the running mechanism of the low cost.Aspects of cash flow risk,improve the quality of cash flow management personnel and push on technology research and development work.On the whole,through the research,the author confirmed the A company's financial risk,evaluated its financial risk and pointed out the reason of the risk,and formulated the A company's risk control measures.Through the analysis of A company's financial situation,to provide some valuable reference for the entire oil industry.