A Comparative Analysis of EVA of the Three Major Oil Enterprises in China

doi:10.3863/j.issn.1674-5094.2013.06.001

Abstract

Abstract:

This paper makes a comparative study on the result of EVA of the three major oil enterprises in China，analyzing the influences of the following factors on EVA: net profits，development and exploration expenditure，interest bearing liabilities，and net assets. Based on the analysis，the authors present the following suggestions for increasing EVA: nurturing financial management concept which centers on value creation，establishing a scientific decisionmaking system on investment；improving the budgeting system which centers on value management，and optimizing enterprise capital structures and so on.

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Key words:

oil enterprises, EVA, cost of capital, net profits, growth rate of EVA, revenue increase rate

LI Zhi-xue1 ZHANG Hao1 LI Meng2. A Comparative Analysis of EVA of the Three Major Oil Enterprises in China[J]. 西南石油大学学报(社会科学版), 2013, 15(6): 1-9.

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A Comparative Analysis of EVA of the Three Major Oil Enterprises in China

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