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Oil prices have risen sharply! PetroChina "took off," rising by nearly 50 percent during the year, and its market value surpassed that of the Industrial and Commercial Bank of China

author:Self-technology

Three barrels of oil have recently taken off!

Among them, PetroChina rose by nearly 50% during the year, with a market value of more than 1.95 trillion.

Why is it rising?

On the one hand, the State-owned Assets Supervision and Administration Commission (SASAC) recently said that it will incorporate the effectiveness of market value management into the assessment of the heads of central enterprises, guide the heads of central enterprises to pay more attention to the market performance of the listed companies they control, and timely convey confidence and stabilize expectations through the application of market-oriented means such as increasing holdings and repurchases, increasing cash dividends, and better rewarding investors.

Oil prices have risen sharply! PetroChina "took off," rising by nearly 50 percent during the year, and its market value surpassed that of the Industrial and Commercial Bank of China

This is considered to be good news, and the analysis points out that from the perspective of the capital market, this change will enhance the attention of enterprises to market performance, promote the communication between state-owned enterprises and the capital market, realize value rediscovery, and help promote the valuation level of state-owned enterprises. At present, the valuations of the CSI 300 and the Shanghai Composite Index are at historically low quantile levels, and they have enough low valuation attractiveness.

On the other hand, since the beginning of this year, international oil prices have been at a high level of $80 / barrel, and recently they have been above $85 / barrel, while Ukraine's attack on oil refineries in Russia, the threat of the Houthis to the Red Sea route, the reduction of production by oil-producing countries, and the inequality in the Middle East mean that oil prices will not fall in the short term. In the hot summer, the amount of oil used will increase, which will also boost oil prices.

Oil prices have risen sharply! PetroChina "took off," rising by nearly 50 percent during the year, and its market value surpassed that of the Industrial and Commercial Bank of China

Under the influence of these news, the three barrels of oil went hand in hand and flew together.

According to the data, in the last three trading days, the largest increase in market value is PetroChina, with a cumulative increase of nearly 160 billion yuan in three days. The next ones were Chinese Life and Sinopec, both of which increased their market capitalization by more than 60 billion yuan during the period.

Among them, Sinopec rose 4% intraday to hit a new high since 2008, and PetroChina rose more than 3% intraday, and the total market value surpassed ICBC to rise to the third place in A-shares. PetroChina has risen 49% this year.

Oil prices have risen sharply! PetroChina "took off," rising by nearly 50 percent during the year, and its market value surpassed that of the Industrial and Commercial Bank of China
Oil prices have risen sharply! PetroChina "took off," rising by nearly 50 percent during the year, and its market value surpassed that of the Industrial and Commercial Bank of China

Is there such a horror!

On March 25, three barrels of oil successively announced their annual reports for 2023, according to a report by China Industry Network, the three barrels of oil will have a net income of 345.36 billion yuan in 2023, in other words, three barrels of oil can earn 946 million yuan a day, which is equivalent to an average of 1 yuan and 5 cents per person per day.

And now the good news continues, I don't know how much I make a day now?

Hey, don't forget it! No matter how you calculate, it may cost you an extra 10 yuan to fill up a tank of gas tomorrow!

Oil prices have risen sharply! PetroChina "took off," rising by nearly 50 percent during the year, and its market value surpassed that of the Industrial and Commercial Bank of China

At 24 o'clock on April 16, a new round of refined oil price adjustment window will be opened, judging from the current situation, there is a high probability that it will be raised, and the range is expected to be 200 yuan / ton, ushering in the fifth rise in 2024. Taking a family car with a fuel tank capacity of 50L as an example, filling up a tank of gasoline will cost 8~10 yuan more. If you want 100L, it will cost 16~20 yuan more.

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