美国石化行业研究报告2009年3月

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

Table of Contents
Americas integrated oils – sector view.................................... 3
Oil market and commodity outlook – overview ....................... 5
Americas integrated oils – upstream fundamentals back in
focus .......................................................................................... 7
Stock Selection ....................................................................... 17
Comparing asset bases: E&P as corporate growth driver ... 18
Valuation: earnings and cash flow multiples and yields ...... 22
Valuation: DCF-based sum of the parts ................................. 24
Valuation: QuestTM analysis ................................................... 26
Chevron (CVX) | Hold .............................................................. 28
ConocoPhillips (COP) | Hold .................................................. 35
ExxonMobil (XOM) | Hold ........................................................ 42
Hess Corporation (HES) | Buy | price target $75 ................... 49
Marathon (MRO) | Buy | price target $40 ................................ 56
Murphy Oil Corp (MUR) | Sell | price target $45 .................... 63
Occidental Petroleum (OXY) | Hold ........................................ 70
Petrobras (PBR/PBR.A) | Hold ................................................ 77
Oil market outlook ................................................................... 84
Page 2

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：行业研究报告 研究报告 石化行业 行业研究 Fundamentals 美国 研究报告 行业 石化