When you look at this big company, the first thing that comes to mind must be banks, PetroChina, or Huawei, Tencent, Xiaomi and Alibaba. This is a large-scale company, but in fact, after reading 202 1 for one year, according to some relevant data of Eastern Fortune Statistics, we can see that Huawei and Alibaba may move.
Generally speaking, the performance of "three barrels of oil" is still very good. Moreover, China Petrochemical has been the highest oil company in the world with its sales of 369.2 billion US dollars. Converted into RMB, it has exceeded 2 trillion. I believe many people can't think of this data. Sinopec actually beat companies like Saudi Aramco and became the highest-paid listed oil company in the world, followed by PetroChina. It surpassed Saudi Aramco by $364.65438 billion, ranking second in revenue.
However, from the data of the top ten oil companies, in 2022, due to the decline in the average price of crude oil, the revenue of oil companies generally declined. Not to mention the performance of oil prices in the first few months of 2022, the profitability of oil companies is not optimistic. However, many people are skeptical. Since the revenues of Sinopec and PetroChina have ranked first and second among global oil companies, why do "two barrels of oil" always say losses? In the first quarter of 2022, the total loss even reached 36 billion yuan. What happened?
The quarterly report of "two barrels of oil" shows that the revenue scale has also fallen sharply due to the suppressed demand. Sinopec lost 654.38+09.782 billion yuan in the first quarter, while PetroChina lost 654.38+06.2 billion yuan. The total loss reached 35.982 billion yuan, nearly 36 billion yuan.
As the king of commodities, the fluctuation of crude oil price has a great influence. In the past two months, the international oil price has gone out of a strong upward trend from the lowest of about 93 dollars, with an increase of 30%. On June 8th, the price of WTI crude oil hit a peak of 123. 18 USD/liter, approaching the high point of 130 USD in early March. As of the close of 10 in June, WTI crude oil futures hit 122.75 USD in intraday trading and closed at 120.47 USD/barrel; Brent crude oil hit a maximum of 124 USD/barrel.
It is worth noting that due to the rising price of crude oil, 92 # gasoline in some parts of China broke through 9 yuan/liter for the first time. Many organizations even predict that a new round of price adjustment will be started on June 14, and No.95 gasoline will break through the 10 yuan mark, reaching a record high. This means that a 60-liter fuel tank and a 95-liter fuel tank of an ordinary fuel vehicle need 600 yuan, and the use cost of the vehicle has soared.
There are also many netizens who have come to the conclusion that "barrels are expensive after more than ten years" by comparing the international oil prices and refined oil prices in 2008 and now. Looking back on 2008, the highest international oil price was 147 USD/barrel, and the corresponding domestic oil price was 6.3 yuan/liter. At present, the international oil price is 1 14 USD/barrel, but the finished oil price has reached 8.7 yuan/liter.
On May 30th, China Petrochemical announced on its official WeChat that domestic refined oil prices were "upside down" with international oil prices in 2008. In order not to transmit high oil prices to various industries, resulting in rising national prices, the state and the three barrels of oil have subsidized 654.38+0652 billion yuan.
China Petrochemical said that at that time, the international oil price reached above 140 USD/barrel, but the domestic refined oil was sold to 80-90 USD/barrel, which was converted into price increase. Originally, the oil price of finished products would have exceeded 10 yuan/liter, and the final price was only 6.3 yuan/liter. The government and "three barrels of oil" subsidize car owners 4-5 yuan per liter.
According to the data provided by China Petrochemical Company, a barrel of oil was equivalent to 158.99 liters, while then 147 USD was equivalent to 1037 RMB. The purchasing cost of one liter of crude oil is equivalent to 6.5 yuan RMB, which does not include transportation, refining, sales costs and taxes.
In 2009, China implemented the reform of refined oil prices and taxes, and the road maintenance fee was included in the gasoline sales price, increasing the consumption tax by about 1 yuan. Therefore, after more than ten years, according to the current refined oil price mechanism, when the international oil price is as high as 147 USD/barrel, the domestic refined oil price will be lowered or not mentioned according to the price of 130 USD/barrel, but it is difficult to return to the "6 yuan era" in 2008.
The oil "price war" that appeared in 2022 is believed to be unexpected by most oil importing countries. As early as the end of last year, crude oil prices were still at a high level. At that time, two barrels of oil also imported a large number of high-priced crude oil to ensure sufficient domestic oil reserves. Who knows that since 2022, the demand for oil has been greatly weakened, and there are too many crude oil stocks, which just happens to meet the sharp drop in crude oil prices.
Because of the high operating cost, even if the price rises, the profit margin is not as big as we thought. It is precisely because of the high operating costs that the overall profitability of the two barrels of oil is "dragged down". The oil giants are still facing the problem of losing money. To solve this problem, avoiding monopoly may be the best solution. If private capital can be introduced, when the price of crude oil plummets, it will not only make the "two barrels of oil" lose money, but also let consumers enjoy the benefits of falling oil prices.