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標普:中海油(0883.HK)去年派息創紀錄 維持“A+”評級
格隆匯 03-27 13:47

評級機構標普表示,中海油(0883.HK)計劃大幅削減2020年的資本支出和產量,顯示出公司管理層願意作出調整以應對油價下跌,此舉與標普看法一致,並認為中海油為應對原油價格大跌將採取靈活的預算政策,維持中海油“A+”評級,及評級展望“穩定”不變。

報告又指,中海油2019年業績強於預期,總產量達到5.065億桶油當量的紀錄高位。由於公司的業務重心部分轉向中國的天然氣市場,隨着新的天然氣項目開始運營,管理層預計油氣總產量中天然氣佔比將抬升。

中海油還公佈了有史以來最高的末期派息每股0.45港元,全年派息每股0.78港元。在滿足資本支出的前提下,管理層希望公司派息能在勘探和生產企業中保持競爭力。不過,標普認為,中海油2020年的派息可能與經營性現金流一同下滑,同時公司現在還將注重現金管理。

標普又指,中海油的成本在國內同業中屬於最低,完全成本觸及九年低位的29.78美元每桶油當量,在當前的形勢下,預計管理層將維持公司低成本運行。

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