2023 has passed, and three barrels of oil can also draw a perfect end to their performance.
At present, the three oil companies, namely PetroChina, Sinopec and CNOOC, have not announced their annual results, but they have announced the results of the first three quarters of the specific companies.
According to the financial report released by the three barrels of oil, in the first three quarters of 2023, the total profit of the three barrels of oil reached 282.1 billion yuan, of which PetroChina made a profit of 131.6 billion yuan, Sinopec made a profit of 52.9 billion yuan, and CNOOC made a profit of 97.6 billion yuan.
Although the specific profit of the three barrels of oil in the last quarter has not been announced, it is not difficult to calculate that the profit of the three barrels of oil in the fourth quarter will definitely not be lower than the average, or even slightly exceeded, reaching an annual profit of 400 billion yuan.
Summary of the performance of the three barrels of oil in 2023
Based on the financial reports of the three barrels of oil, I have summarized the 2023 results that have been announced for the three barrels of oil.
One: PetroChina
According to the financial report released by PetroChina, in the first three quarters of 2023, PetroChina's revenue reached 2.28 trillion yuan, and according to the quarterly average of the performance, PetroChina's revenue in 2023 is likely to exceed 3.0 trillion yuan.
Among them, PetroChina's profit reached 131.6 billion yuan in the first three quarters, with a profit margin of nearly 6%, making it the most profitable of the three barrel oil companies, and the total profit for the whole year is expected to exceed the profit peak in 2022.
Two: Sinopec
Of China's three barrels of oil, PetroChina is the most profitable company, but it is not the most profitable.
At present, according to public data, Sinopec is the company with the highest revenue among the three barrels of oil.
Revenue in the first three quarters of 2023 reached RMB2,469 billion, surpassing PetroChina's revenue of more than RMB100 billion and second only to State Grid in China.
Not surprisingly, PetroChina will definitely exceed RMB 3,000 billion in full-year results for 2023
However, Sinopec, which has a more comprehensive performance, is much less profitable than PetroChina.
Sinopec, whose revenue in the first three quarters of 2023 is higher than that of PetroChina, only made a profit of 52.9 billion yuan, with a profit margin of only about 2%.
Three: CNOOC
CNOOC's scale is far inferior to PetroChina and Sinopec, and its revenue in the first three quarters of 2023 has just exceeded 300 billion yuan, which is not even a fraction of Sinopec's.
Based on the average quarterly performance value, the revenue in 2023 may exceed RMB 400 billion.
According to the financial report released by CNOOC, the profit in the first three quarters of 2023 is as high as 97.6 billion yuan, and the profit margin is as high as 31.8%!
This profit margin is beyond the reach of many asset-light Internet companies.
The sharp rise in oil prices has made three barrels of oil a lot of money
2023 is destined to be another glorious year for three barrels of oil, this year three barrels of oil can be said to make a lot of money, and there are many reasons for the three barrels of oil to make a lot of money, but the most direct and important reason is the high oil prices.
Three or four years ago, China's oil prices were generally more than 6 yuan, and at that time, car owners had complained on the Internet that the oil prices were too high and they couldn't afford to drive, but they didn't expect that the oil price of more than 6 yuan was just the beginning.
Gasoline price list in some regions in 2019
From the beginning of 2019 to the end of 2023, it has been less than 4 years, China's average oil price has risen by more than one yuan, and the average oil price in some areas has risen by more than two yuan, and China's gasoline has ushered in the era of 9 yuan.
With an oil price of 9 yuan, the three barrels of oil will make a profit of hundreds of billions of yuan in 2023, ahead of their peers in China and even the world.
Not only does it not make people feel that selling oil is really making money!