The Research On The Profitability Of Cosl Under Low Oil Price

Oil is the global and important strategic resource.With the fast development of industry and economy,the use of oil increases.Meanwhile,under the development of global economy and technology ?the change of political pattern and the workings of the capital markets,oil is not only the basic energy,but the financial attribute.So the price of international oil Influenced by the various and complex factors,Putting it in a violent fluctuations.And China has a small speaking right on international crude prices,just accepting the international oil prices passively.Now the fluctuations of international oil prices,especially the drop in oil prices,has a great impact on the profitability of China Oilfield Services Limited(COSL),which is closely related to the oil industry.Then putting forward some countermeasures and suggestions according to these results.In order to cope with the international crude oil prices fluctuations,and provide the theoretical reference to improve the corporate profitability.Therefore,it is of great significance to systematically analyze and study the impact of the drop in oil prices on the profitability of COSL.