七家国际大石油公司使用衍生金融工具的研究

20世纪 70年代以来 ,各国的汇率、证券利率等都大幅变动 ,对各国和各企业的金融资产、负债等产生重大冲击。因此 ,七家主要石油公司纷纷采用期货、远期、期权、掉期等各种衍生工具防止金融风险 ,进行贸易活动。各公司对衍生工具的态度和管理方法均存在较大差异 ,其经验值得我国石油石化公司借鉴。

A Study on Applications of Derivatives in 7 International Main Oil Companies

Since the seventies of the 20th century,the exchange rates and securities interest rates in all countries have changed greatly,so that the financial assets and debts of enterprises all over the world has been heavily impacted.Hence,7 main oil companies adopt various derivatives,such as futures,forward,option,swap,one after another to prevent financial risks and proceed trade activities.There are rather big differences on the manners and management methods for these derivatives among the mentioned 7 companies;their characteristics are good for our petroleum and petrochemical companies to use for reference