Oil Companies Suffer Revenue Dip

• 来源期刊: 中国油气（英文版）
• 年，卷（期）: 2016,（4）
• 页码范围: 53-55
• 页数: 3页
• 语种: 中文

摘要

China's oil and gas giants saw their revenues slump in the July-September period,according to their financial reports,against the backdrop of a suppressed global oil and gas market and lower domestic natural gas prices. The third-quarter reports of China's big three oil firms -China National Petroleum Corporation (CNPC),China National Offshore Oil Corporation (CNOOC) and China Petrochemical Corporation (Sinopec Group)-showed that CNPC's revenue fell by 3.8 percent to 411.4 billion yuan (US$60.97 billion),CNOOC by 15.2 percent to 30.75 billion yuan,and Sinopec by 3.1 percent to 472 billion yuan.The drop in revenues for the big three is a direct result of plummeting international oil prices,as well as weak economic growth.So,the glory days of high oil prices have long gone and the downtrend will continue,said analysts.