一季度全球综合性石油巨头的赢利增长较为温和

中国石化新闻网讯 据道琼斯4月25日消息，麦格理资本公司的分析师们表示，尽管最近几周石油价格受需求强劲增长、欧佩克减产协议遵守率高以及不断上升的政治风险的刺激而大幅上涨，但今年一季度综合型油气巨头的赢利应该会更加温和。该行预测，一季度石油巨头的平均每股收益将增长20%。分析人士在一份报告中写道：“随着布伦特原油价格上涨25%，一季度对于那些对油价更加敏感的油气公司应该会是赢家，包括挪威国家石油公司Statoil。”分析师们表示，由于炼油利润率下降，一季度下游业务已经滞后，这将拖累英国石油、壳牌和道达尔等更综合的公司。

庞晓华 摘译自 道琼斯

原文如下：

1Q Earnings at Integrated Oil Majors to be 'Muted'

First quarter earnings for integrated oil-and-gas majors "should be more muted," even though oil prices have "shot ahead in recent weeks, fueled by strong demand growth, continued excellent OPEC compliance and rising political risks," according to analysts at Macquarie Capital. The bank forecasts an average of 20% earnings-per-share growth for the oil majors combined. "With Brent oil prices rising by 25% y-o-y it is the more oil price sensitive names that should be the winners in the quarter," including Norway's Statoil, the analysts write in a note. The downstream has "lagged" in the first quarter, as refining margins have fallen, which should weigh on the more integrated companies like BP, Shell and Total, the analysts say.