The difference between PetroChina and Sinopec has finally been sorted out, take a look
During the company's lunch break, my colleague Xiao Li and I sat in the rest area and accidentally chatted about the difference between PetroChina and Sinopec.
"Did you know that PetroChina and Sinopec are not the same thing at all?" I asked Xiao Li tentatively, holding in my hand a recent comparative analysis of the two oil giants in a professional blog.
Xiao Li looked at me suspiciously, "Aren't they all made of oil?
"Well, on the surface, they do look similar, but their business focus, market strategy, and company structure are very different. I turned on my phone, flipped to the article, and began to explain it to Xiao Li.
"See, PetroChina is mainly engaged in oil and gas exploration and production, while Sinopec is more focused on oil processing and sales. To put it simply, one is upstream and one is downstream. ”
Xiao Li listened with relish, nodded and began to understand, "Oh, I see, then their market strategy and profit source are different?"
"Yes, exactly!" I excitedly continued, "PetroChina's profitability is very dependent on crude oil price fluctuations, while Sinopec is more dependent on the sale of refined products and chemical business. ”
As the conversation deepened, I found myself more interested in the subject than I ever imagined. I decided to go home and organize this information more systematically, maybe at the next department meeting, to improve my professional image among my colleagues.
When I got home in the evening, I sat at my desk with the official websites of PetroChina and Sinopec displayed on my computer screen, and I began to compare their annual reports with their published strategic goals.
"PetroChina has a lot more international exploration projects than Sinopec, which is also an important difference. "I read and recorded as I went, and I had a plan to combine it into a single PowerPoint.
Through in-depth research, I found that although both play an important role in China's oil industry, their core competitiveness and development strategies are fundamentally different. PetroChina's internationalization and prospecting technology, as well as Sinopec's refining efficiency and research and development of new chemical materials, have their own merits.
The next day, I came to the office early with the PPT I had made. At the beginning of the meeting, I clearly and methodically showed the differences between PetroChina and Sinopec. My report was recognized by my leaders and praised by my colleagues.
This research not only allowed me to gain a firm foothold in my work, but also made me realize that only by understanding every detail can I be comfortable in discussions and continue to make progress in my professional field.