2022 Petroleum Industry Research Report

Source: Asset Information Network, Qianji Investment Bank iFinD (1) PetroChina [601857.SH]: PetroChina Company Limited was established on November 5, 1999. It is China’s dominant and largest integrated oil and gas producer and marketer, one of China’s largest revenue-generating companies, and among the world’s largest petroleum companies. The company aims to become a globally competitive international energy enterprise and a major global producer and marketer of petroleum and petrochemical products. PetroChina engages broadly in oil- and gas-related businesses, primarily including: exploration, development, production, and sale of crude oil and natural gas; refining, transportation, storage, and sale of crude oil and petroleum products; production and sale of basic petrochemicals, derivative chemical products, and other chemical products; and transportation of natural gas, crude oil, and refined petroleum products, as well as natural gas marketing. (2) Sinopec [600028.SH]: China Petroleum & Chemical Corporation (Sinopec Corp.) primarily engages in oil & gas and chemical businesses. Its oil & gas operations include exploration, development, and production of crude oil and natural gas; pipeline transportation of crude oil and natural gas; refining of crude oil into petroleum products; and marketing of crude oil, natural gas, and refined petroleum products. Its chemical business encompasses manufacturing and marketing of a broad range of industrial chemical products. Sinopec is one of China’s largest oil & gas producers; ranks first in refining capacity in China; maintains a comprehensive finished-oil sales network across China and is China’s largest finished-oil supplier; and ranks first in ethylene production capacity in China, having built a relatively complete chemical product marketing network. (3) Rongsheng Petrochemical [002493.SZ]: Rongsheng Petrochemical Co., Ltd. mainly engages in research & development, production, and sales of various petrochemical and chemical fiber products. Its product portfolio includes over thirty items, such as olefins and their downstream derivatives, aromatics and their downstream derivatives, gasoline, diesel, jet fuel, purified terephthalic acid (PTA), polyethylene terephthalate (PET) chips, PET bottle-grade resin, polyester pre-oriented yarn (POY), polyester fully drawn yarn (FDY), and polyester textured yarn (DTY). The company is one of China’s leading enterprises in terms of comprehensive strength in the petrochemical and chemical fiber industries. 3.6 Key Global Competitors Major non-Chinese global competitors include EOG Resources [EOG.N], Hess Corporation [HES.N], ConocoPhillips [COP.N], Phillips 66 [PSX.N], Gulfport Energy [GPOR.N], Marathon Petroleum [MPC.N], ExxonMobil [XOM.N], Rex American Resources [REX.N], Southwest Gas Holdings [SWX.N], and Laredo Petroleum [LPI.N]. Figure: Major U.S.-Listed Companies Source: Asset Information Network, Qianji Investment Bank iFinD (1) ExxonMobil [XOM.N]: ExxonMobil Corporation was founded in 1882 in New Jersey. Its divisions and affiliates operate or sell products in the United States and most other countries worldwide. Its core businesses involve exploration and production of crude oil and natural gas, as well as manufacturing, trading, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and various specialty products.

【BBAE Bibei Securities News】This Week’s Key Financial Events and Data Preview

This week marks the peak of earnings season: following Netflix, the remaining four members of the FAANG group will all release their quarterly results. The U.S. presidential election has also entered its final stretch. Meanwhile, the White House, Republicans, and Democrats remain deadlocked over a new round of stimulus legislation. Additionally, both the U.S. and the Eurozone will release their third-quarter GDP figures. Although these data may show a robust rebound, worsening public health conditions have triggered a new wave of restrictions, casting a shadow over the economic outlook for Q4. Below are five key financial market events to watch this week: 1. Earnings season peaks: Microsoft, Apple, Google, and Facebook report earnings This week, 170 U.S.-listed companies will release earnings—the highest number of any week during this earnings season. Companies reporting include Beyond Meat (NASDAQ: BYND), Boeing (NYSE: BA), Caterpillar (NYSE: CAT), Honeywell (NYSE: HON), Merck (NYSE: MRK), and Pinterest (NYSE: PINS). Major technology stocks will also report en masse: Microsoft (NASDAQ: MSFT) reports on Tuesday; Apple (NASDAQ: AAPL), Facebook (NASDAQ: FB), Google (NASDAQ: GOOGL), Amazon (NASDAQ: AMZN), and Twitter (NYSE: TWTR) all report after market close on Thursday. Despite uncertainty stemming from the public health crisis, many companies previously issued earnings guidance indicating resilience against such uncertainties during Q3. 2. U.S. Presidential Election enters final sprint With just over one week remaining until the U.S. presidential election on November 3, market participants must closely monitor the sustainability of the ‘Biden trade’. Recent polls show Democratic candidate Joe Biden widening his lead over Donald Trump. Signs suggest Biden may win decisively—potentially boosting clean energy stocks, cyclical equities, and cannabis-related stocks. Conversely, a resurgence in Trump’s polling could lift traditional energy and technology stocks. However, if Biden defeats Trump and Democrats gain control of the Senate, traditional energy and technology firms are expected to face higher tax burdens. Analysts also note that an unexpected Trump victory would likely weigh on currencies such as the Mexican peso and Russian ruble, while bolstering the U.S. dollar—which has recently suffered sharp declines. Moreover, an inconclusive or contested election outcome could trigger sustained market volatility for an extended period. 3. Stimulus package remains unresolved Negotiations over the stimulus package remain a critical market driver this week.