Practices and Reflections of CNOOC on Building World-Class Enterprises

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Abstract At present, China is facing new strategic opportunities as well as risks and challenges in its development. Faced with the challenges brought by current global major risks, China urgently needs to build a group of world-class enterprises as ballast stones. Accelerating the development of a number of world-class enterprises is an important support for China to enhance its comprehensive strength and international competitiveness, and is crucial for the realization of the strategic blueprint for socialist modernization. After more than forty years of reform and opening up, Chinese enterprises have rapidly developed and grown stronger, with their position rising and their influence in the global market increasing continuously. However, Chinese enterprises are “large in size but not yet strong enough”. In this context, this paper systematically analyzes the practical significance and theoretical connotation of building world-class enterprises and the status quo of building world-class enterprises in China and takes CNOOC as an example to deeply analyze the practices of large central enterprises to build world-class enterprises at the levels of group and subsidiaries, providing a reference for Chinese enterprises to accelerate their progress towards worldclass enterprises.

Published: 26 December 2024

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