Internal operation, who knows? This kind of profitable enterprise, moths are definitely indispensable.

The data report shows that American crude oil has fallen sharply recently, and even upside down has appeared in theory. Why doesn't China Petrochemical still make money? This has caused many people to have doubts. In fact, it is easy to understand that the proportion of imported crude oil in China petroleum and petrochemical industry is very small, but in fact, most of it still depends on independent investigation. This is the main reason why foreign oil prices have plummeted, while China oil prices have not changed much.

The following is the financial data report of China Petroleum: Last quarter's operating income decreased by 65,438+04.4% compared with the same period of last year. Generally speaking, it is a loss.

Brief Introduction of Refinery Private refineries are small in scale, capable of self-production and self-sale, with low intermediate production cost. In the case that the oil price has not fallen, the inevitable income has not changed much, which is the main factor of profit.

On the contrary, the larger the scale, the more social responsibilities you need to bear, the cumbersome work flow at intersections, and too many intermediaries, the benefits will naturally be relatively reduced. I think everyone understands this truth.

Not only China Petroleum, but also China Petrochemical are in a loss state in this record, with a loss rate of 22.6%, of which the total revenue for the three-month period ended March 3 1 was 55502, and the revenue for the three-month period ended March 3 1 7579,2019.

In our view, the investment in crude oil futures is actually a series of numbers. Just like this time, it is impossible to transport all the purchased crude oil back. Coupled with storage technology, crude oil quality and preservation problems, forced transportation may lead to more losses.

I am not a professional financial researcher, please point out any mistakes! But to be clear, don't worry, even if these enterprises lose more, they will be subsidized by the state. Just like the expressway, it charges hundreds of billions a year, but it still loses money for eight consecutive years.

What do you think is the cause of the loss? Let's get this straight.