Investment Advice for CNOOC Based on External Risks and Analysis of the Company’s Financial Situation
These authors contributed equally.
- 10.2991/assehr.k.211209.018How to use a DOI?
- China National Offshore Oil Corporation; COVID-19; analysis of corporation
Trade frictions between China and the U.S. are still escalating in 2020, and the oil industry’s capacity is in a deep recession. China National Offshore Oil Corporation was influenced by both backgrounds. Therefore, we want to analyze the company’s prospects and advise investors. We analyze the company’s business position, financial data, and combine industry background to predict the company’s future trends. This is done by studying the company’s financial indicators in recent years, understanding changes in capacity based on the company’s annual reports, combined with stock price changes and news to understand the risks facing the company. Ultimately, we realized that CNOOC’s operating capacity was above the market average. In the long run, CNOOC’s capacity will steadily increase and external risks will be relatively manageable. Investors can consider CNOOC as a medium- and long-term value investment target. After analysis, we have concluded that CNOOC’s profitability is better than the market average and its profitability is the opposite. Externally, there are still some medium- and long-term risks, but there is potential for growth in the future and it is worth targeting for long-term investment.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Denggyao Luo AU - Genben Xiang AU - Chengming Zhu PY - 2021 DA - 2021/12/15 TI - Investment Advice for CNOOC Based on External Risks and Analysis of the Company’s Financial Situation BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 114 EP - 117 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.018 DO - 10.2991/assehr.k.211209.018 ID - Luo2021 ER -