Two barrels of oil in the first half of the net income of 100 billion, two barrels of oil is how to "turn losses into profits"?

PetroChina (601857) Natural Gas Co. PetroChina? (601857.SH) and China Petroleum & Chemical Corporation (hereinafter referred to as China Petroleum & Chemical (600028)) and China Petrochemical Corporation (hereinafter referred to as China Petroleum & Chemical). Sinopec (600028)? 600028.SH) together released the results of the first half of 2021 forecast, compared with the same period last year, these two companies have realized a turnaround. PetroChina is expected to increase its net profit by 75 billion yuan to 90 billion yuan in the first half of 2021 compared with the same period last year, corresponding to a net profit range of 45.014 billion yuan to 60.014 billion yuan; Sinopec's first-half net profit is expected to reach 36.5 billion yuan to 38.5 billion yuan. According to this calculation, ? Two barrels of oil? Combined net profit for the first half of the year can be up to close to 100 billion yuan.

The reason why the two barrels of oil can turn a loss into a profit, the biggest credit is undoubtedly due to the successive rise in international oil prices, I believe that most of the friends driving last year as well as at the beginning of this year, the price of crude oil? Feel the memory and feel the pain of their wallets in the small money it! In the past July 1, international crude oil prices hit a new high in recent years, and for some time even stood on the highest point of 75 U.S. dollars a barrel. The price of crude oil has gone up, and the extraction costs of these two companies have not changed much, so naturally they can get their hands on a lot more profit compared to previous years.

On the other hand, it is thanks to the economic recovery and business revival everywhere after the epidemic. Oil, as nature's ? black gold? , they can often be seen in all kinds of economic activities. According to the two barrels of oil in April this year, disclosed to the public in the first quarter report shows that their first quarter of this year's crude oil throughput and sales data compared to the same period last year have a significant increase. The outside world for the increase in demand for crude oil, and its profit margin is also a record high, in all kinds of favorable background under the pad, the two barrels of oil can? Turning losses into profits? It's not that uncommon.