Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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Investment Advice for CNOOC Based on External Risks and Analysis of the Company’s Financial Situation

Authors
Denggyao Luo1, a,*, †, Genben Xiang2, b, *, †, Chengming Zhu3, c, *, †
1Department of physics, Wuhan University, Wuhan 430072, China
2Hust School of Economics, Huazhong University of Science and Technology, Wuhan, 430000, China
3University Of Warwick, Scarman Rd, Coventry CV4 7AL, United Kingdom
†

These authors contributed equally.

*Corresponding author. Email: a2018302020118@whu.edu.cn
Corresponding Authors
Denggyao Luo, Genben Xiang, Chengming Zhu
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.018How to use a DOI?
Keywords
China National Offshore Oil Corporation; COVID-19; analysis of corporation
Abstract

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.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.018
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.018How to use a DOI?
Copyright
© 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

risenwbib
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  -