Operational performance evaluation of natural gas utilization equity project based on factor analysis

As the city gas industry steps into the stable operation stage and the mergers and reorganization of city gas enterprises happen frequently, the important problem for equity management is to search for a scientific method to evaluate the operational performance of equity project of natural gas utilization business in city gas industry, so as to provide effective decision-making support for its operation management and capital operation. In this paper, factor analysis method was used to conduct a empirical research on the equity project of natural gas utilization business with PetroChina as the case. It is shown that factor analysis method can be better used to evaluate operational performance of equity project of natural gas utilization business in city gas industry. On the one hand, operational performance of equity project of natural gas utilization business is compared horizontally. On the other hand, the main factors influencing the performance of equity project of natural gas utilization business are distinguished. Thus, it provides the equity manager with the basis to get a thorough understanding on the operation situations of the equity and to develop operational management strategies.