[Cai Zhi Headline] The performance explosion!Crude oil prices have risen, and "three barrels of oil" earned nearly 1.1 billion yuan in the first half of the year

Picture source: network

Energy and new energy sector, you sing in the A -share market in 2022.

With the evening of August 28, Sinopec (600028.SH) disclosed the semi -annual report in 2022. At this point, the "three barrels of oil" scores are all released. China Petroleum (601857.SH), Sinopec, China Ocean Petroleum (00883.HK) revenue and net profit in the first half of the year have increased. For revenue growth, "three barrels of oil" mentioned the favorable factor of international oil prices. Essence

On the whole, in the first half of 2022, the "three barrels of oil" achieved a total net profit of about 197.808 billion yuan, with an average daily earning of about 1.093 billion yuan. "Three barrels of oil" even intended to come up with nearly half to dividends, and the three companies fit a total of 85.094 billion yuan.

In terms of crude oil market, in the first half of 2022, affected by supply -demand relationships, geopolitics and other factors, international crude oil prices rose sharply. However, oil prices have gradually declined since mid -June. Based on the changes in oil prices in the international market, as of August 23, the National Development and Reform Commission has lowered domestic oil prices for 5 consecutive times, and domestic oil prices have gradually returned to the "8 yuan era".

For a long time, "three barrels of oil" have been the "top pillar" of China's oil and gas industry. In today's international energy situation, who will this year's "profit king" be?

"Three barrels of oil" who makes money more?

Combining the "three barrels of oil" in the semi -annual report of 2022, each of them can be described as their own.

PetroChina and Sinopec are difficult to divide for a long time. In the first half of 2022, the revenue of the two was almost the same, but PetroChina led the weak advantage of 2.495 billion yuan. However, the net profit of PetroChina in the first half of the year was almost twice that of Sinopec, and the difference between the two was 38.861 billion yuan.

Although CNOOC's revenue failed to get the top spot, PetroChina's net profit was 82.391 billion yuan at the same time, and Sinopec was only 43.530 billion yuan. At that time, the three capabilities were PetroChina> CNOOC> Sinopec.

Specifically, Sinopec's operating income in the first half of 2022 was 1612.126 billion yuan, a year -on -year increase of 27.9%; net profit of home mother was 43.530 billion yuan, a year -on -year increase of 10.4%.

China Petroleum achieved revenue of 1614.621 billion yuan in the first half of the year, an increase of 34.9%year -on -year; net profit of home mother was 82.391 billion yuan, a year -on -year increase of 55.3%.

China Sea Oil achieved operating income of 202.355 billion yuan in the semi -annual 2022, an increase of 84.00%year -on -year; net profit of home mother was 71.887 billion yuan, an increase of 116.00%year -on -year.

The reason why the "three barrels of oil" is a large level of profitability is also attributed to several major business businesses.

In the first half of 2022, Sinopec's exploration and development business achieved revenue of 158.2 billion yuan, and the gross profit margin was 23.9%; the marketing and distribution business achieved revenue of 792 billion yuan, and the gross profit margin was 6.1%. , Gross profit margin is 3%.

Picture source: Sinopec

In the first half of the year, PetroChina's exploration and production business achieved revenue of 439.1 billion yuan, and the gross profit margin was 22%; the sales business realized revenue of 1342.2 billion yuan, and the gross profit margin was 3.9%. It is 6.2%.

Picture source: PetroChina

The revenue of China's ocean oil mainly comes from oil and natural gas sales. In the first half of the year, international energy prices continued to fluctuate at a high level. On this market opportunity, China Oil has vigorously promoted the increase in storage and production, and the operating performance created the best level at the same time.

According to the semi -annual report, the output of China's sea oil oil in the first half of the year was 240.5 million barrels, an increase of 8%year -on -year, and the natural gas output was 37.47 billion cubic feet, an increase of 16%year -on -year.

It is worth mentioning that China Sea Oil landed on A shares on April 21 to August 26, and the stock price rose by 37.53%; PetroChina and Sinopec's A shares price rose 12.86%and 7.87%during the year.

85094 billion yuan for dividends

The performance of the "three barrels of oil" was all popular, which gave it the confidence of the large cash dividend.

On the whole, the three companies intended to take out a total of over 85 billion yuan for dividends. In addition, Sinopec intends to repurchase shares for not more than 2.5 billion yuan and cancel all.

According to PetroChina, its performance in the first half of the year was the best level in the same period. The company plans to distribute a mid -term dividend of 0.20258 yuan per share in 2022 (including applicable tax), with a total dividend amount of 37.076 billion yuan, accounting for about 45%of the current net profit.

The board of directors of China Sea Oil Company decided to issue a 2022 mid -term dividend of HK $ 0.70 (including tax), a record high in history. According to the company's total shares, the dividend of HK $ 33.346 billion is required, which is equivalent to about 29.1 billion yuan, accounting for about 41%of the current net profit.

Sinopec's board of directors decided that the company issued 0.16 yuan (including tax) per share, and a total of 19.371 billion yuan (tax included) was assigned a total of 44%of the current profit of the current profit.

Not only that, Sinopec announced on the same day to repurchase A shares by concentrated bidding transactions. The repurchase amount is not less than 1.25 billion yuan, and it is not over 2.5 billion yuan. The number of repurchase shares is 202.2654 million shares -404.5307 million shares, accounting for 0.17%-0.33%of the company's total share capital. Regarding the purpose of the repurchase, Sinopec said that the company's stock price is lower than the net assets per share in the latest period. Factors are intended to use their own funds for share repurchase to promote the company's stock price and internal value.

Domestic oil prices 5 consecutive desires end?

The performance of listed companies in the oil and gas mining industry represented by the "three barrels of oil" is bright in the first half of the year, and the rise of international oil prices is the main reason.

Affected by geographical politics and other factors, the international oil price rose sharply in the first half of this year. The average price of the spot of Brent crude oil was $ 107.94/barrel, an increase of 66.1%year -on -year; 63.7%.

If the rise of international oil and gas prices has not changed in the second half of the year, the overall performance of my country's oil and gas industry this year is expected to be higher.

As of the close of August 26, the international oil price rebounded, and the price of US crude oil futures on the New York Commodity Exchange rose 0.54 US dollars to close at $ 93.06 per barrel, an increase of 0.58%; The dollar was closed at $ 100.99 per barrel, an increase of 1.66%.

According to the latest international oil price dynamics, international oil prices rose slightly on the 26th (Friday), predicting the change in crude oil by more than 5%for three consecutive working days, and the domestic converted up was raised to 0.17-0.19 yuan/lit It will end, if the volume of the fuel tank of 50 liters of households will be completed, the price of a box is 8.5-9.5 yuan.

On the 23rd of this month, the domestic oil price had just ended five consecutive declines. The last price reduction was 0.16-0.18 yuan/liter. That is to say, after this oil price rose, it would offset the last decline.

Some analysts believe that due to the increasing economic recession and the tension of crude oil supply, the price of oil prices has recovered significantly. However, considering that the fundamentals of supply and demand in 2022 remain tight, long -term crude oil supply and demand remains tightly balanced, and the judgment of 2022 and medium and long -term oil price boom.

According to the domestic oil price adjustment rules, a new round of adjustment window will be opened at 24:00 on September 6.

On August 29th, the 17th round of the domestic refined oil retail price cycle statistics rose 4 working days. The current crude oil change rate is 6.08%, an increase of 20 yuan/ton from the previous working day. , Calculating more than 2 cents. On the fourth working day, the accumulated increase in the forecast was 240 yuan / ton, and the converted upsurge was raised to 0.18-0.21 yuan / liter.

This also means that the chance of oil prices will rise again.

(WeChat public account "Caizhi Headline" comprehensive self: securities Times, daily economic news, interface news, etc.)

Edit: Bai Jing

School pair: Yuan Kai

Review: Gong Zimo

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