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Which industries will benefit from rising oil prices?

PetroChina's half-year net profit exceeds 80 billion!

Which industries will benefit from rising oil prices?

PetroChina's net profit in the first half of the year exceeded 80 billion. Although the rise in oil prices has put great pressure on some companies, the rise in oil prices has also brought benefits to many industries.

The industries most affected are aviation, transportation and logistics, and the oil refining industry.

The enterprise that can bring the most direct benefit from rising oil prices is the refining industry. For some industries such as oil exploration and refining, rising oil prices will steadily increase the sales of these industries.

With the same time and energy, the oil extraction industry can obtain more profits.

The benefits are obvious.

Moreover, rising oil prices can have a certain impact on some new energy industries.

For some families with cars at home, rising gas prices will increase their expenditure costs. For example, some families with low incomes will be more inclined to use some new energy equipment.

Rising oil prices will definitely cause some people to drive less often, which will also reduce car exhaust emissions, which can have a certain positive impact on our environment in a short period of time.

Many people will buy new energy vehicles because of rising oil prices, which will increase the amount of electricity consumed. At the same time, a series of power suppliers such as charging piles and solar power generation will also receive certain benefits.

However, rising oil prices will also have an impact on some businesses and companies, such as airlines.

An airline's annual fuel costs may account for 1/5 of the entire company's operating costs. If oil prices rise, companies like airlines will gradually increase their costs and earn less profits.

It will also have a great impact on some industries in my country that use raw materials such as natural gas or coal as the main fertilizer raw materials. As long as oil prices rise, fertilizer prices and corresponding prices will gradually increase.

In addition, there are also some production industries, medical industry, manufacturing industry, industrial industry, and automobile industry, which will be affected by rising oil prices.