China's "three oils"-Sinopec, PetroChina and CNOOC, the main products are not oil.

On the contrary, oil is their raw material for production. Therefore, the soaring oil price means that the US crude oil futures have soared to 1 17 USD, which is not good for these three oils, because they all need to import crude oil as raw materials, and the cost has increased.

Among them, Sinopec imported the largest amount of crude oil, followed by PetroChina and CNOOC.

It is said that the price of gasoline, kerosene and diesel oil has increased, which is the benefit of "three oils". The rise in international crude oil prices is bad for these three oils. Among them, CNOOC is basically self-sufficient, so the impact is minimal and absolutely not good.