1. The rise in international oil prices of energy listed companies such as oil exploration is beneficial to oil listed companies. However, due to the strong planning of crude oil exploitation, no new oil and gas fields have been found in China, and the scale expansion of oil and gas exploration companies in listed companies is limited, such as Zhongyuan Oil and Gas, Liaohe Oilfield and PetroChina Daming. The annual performance is likely to maintain steady growth, but it is unlikely to explode.
The rise in oil prices has constituted an upward thrust for other listed companies in energy exploitation. As the oil price rises too fast, many enterprises turn to buy other energy products, which will help to promote the growth of their main income, such as China Petrochemical, Shenhuo, Xishan Coal and Electricity, Yanzhou Coal and other listed companies in natural gas and coal mining industries.
Second, the oil mining auxiliary industry benefits. The oil mining auxiliary industry involves exploration, project implementation, related building materials and oil mining equipment. Around the start of new oil exploration projects and the development of foreign cooperation projects, some listed companies have great development potential.
1. The commencement of the new oil pipeline project of exploration and design listed companies will benefit the listed companies involved in exploration, such as Sinopec Construction, which is initiated by CNPC Jihua Group and is a large state-owned enterprise in the oil exploration line design, pipeline and equipment installation industries. Once the Sino-Russian oil pipeline cooperation project is started, China will lay and install a long pipeline. As the backbone enterprise of PetroChina, PetroChina Huajian has technical and geographical advantages.
2. There are not many domestic continental shelf oil exploration projects of engineering construction listed companies, but there are many offshore oil exploration projects. The main offshore oil exploitation company is China Offshore Oil Corporation, which is not listed on the mainland, but its holding subsidiary CNOOC Engineering has performed very well. CNOOC Engineering is a general contracting company integrating research and design, construction, installation, submarine pipeline laying and offshore platform maintenance, and is a national first-class construction enterprise. In mid-2004, its performance reached 0.55 yuan per share.
3. Listed companies of oil exploitation equipment have higher requirements for related equipment. As the largest producer of oil drill bits in Asia, the performance of Jiangzuan Co., Ltd. has maintained a synchronous growth. Compared with similar international companies, Jiangzuan shares have the competitive advantage of low price. With the country's strengthening of oil exploration, the demand for drill bits in the domestic market is increasing, and the company's income has increased rapidly for two consecutive years.
Third, other listed companies that benefit from supporting oil pipeline projects will develop rapidly with the input of crude oil from China-Kazakhstan line. Tian Li Hi-tech is an enterprise jointly sponsored by Dushanzi Tian Li Industrial Corporation and Xinjiang Petroleum Administration Bureau. Dushanzi is the bridgehead of the Eurasian continental bridge, and the "China-Kazakhstan" line continuously inputs crude oil to Dushanzi, providing raw material resources for PetroChina to build Dushanzi into a production base of 10 million tons of oil refining and 1 million tons of ethylene. Tian Li Hi-tech mainly produces advanced lubricating oil additives and advanced asphalt pickling products, with 6,543,800,000 tons in Dushanzi.
In addition, if Sino-Russian cooperation is successful, Russia will transport 700 million tons of crude oil to China in the next 25 years, which will have a far-reaching impact on petrochemical industries such as anniversary refining and coking, including anniversary Huake, anniversary friendship and Mudanjiang.
Although the rise of international oil price is unfavorable to domestic aviation industry, automobile industry and many other industries, with the start of national strategic oil reserve and the development of international oil cooperation projects, related oil exploitation and other energy exploitation industries, as well as auxiliary exploration and design, pipeline installation and equipment industries will have great development. We advise investors to pay attention to leading companies in these industries, such as CNOOC Engineering, Tian Li Hi-tech, CNPC Chemical Construction, Jiangyuan and so on.