?？松梨趯⒏邮芤嬗谟蛢r(jià)反彈

據(jù)道瓊斯10月8日消息，當(dāng)油價(jià)上漲時(shí)，大型石油公司自然會(huì)感到高興，但埃克森美孚的未來(lái)似乎與油價(jià)上漲關(guān)系更大，這是出于另一個(gè)原因，即該公司的化學(xué)品業(yè)務(wù)。

油價(jià)上漲對(duì)埃克森美孚這樣在北美和中東業(yè)務(wù)更多的石化生產(chǎn)商有利，因?yàn)檫@些生產(chǎn)商以天然氣液體為原料生產(chǎn)產(chǎn)品，油價(jià)上漲使其產(chǎn)品更具競(jìng)爭(zhēng)力。與亞洲和歐洲使用石油或石腦油為原料的設(shè)施不同，美國(guó)和中東的石化工廠(chǎng)傾向于使用天然氣液體。截至2019年，?？松梨?0%以上的化學(xué)品產(chǎn)能位于北美和沙特。

在能源行業(yè)的其他大多數(shù)領(lǐng)域都看起來(lái)處境艱難的一年里，?？松梨诘幕瘜W(xué)品業(yè)務(wù)似乎是一個(gè)潛在的亮點(diǎn)。油價(jià)回升可能會(huì)給該業(yè)務(wù)帶來(lái)額外的提振。

張春曉 摘譯自 道瓊斯

原文如下：

Exxon Could Get a Chemical Turbo Boost if Oil Rebounds

Big Oil naturally is delighted when oil prices rise, but Exxon Mobil's future seems even more tightly wound to it for an additional reason: its chemicals business.

Higher crude prices are good for petrochemical producers weighted more heavily toward North America and the Middle East -- such as Exxon -- because those gains make their products based on natural-gas liquids more competitive. Unlike facilities in Asia and Europe that use oil- or naphtha-based feedstock, U.S. and Middle Eastern petrochemical plants tend to use natural-gas liquids. More than 60% of Exxon's chemicals production capacity was located in North America and Saudi Arabia as of 2019.

In a year where most other energy-industry segments look grim, Exxon's chemicals business looks like a potential bright spot. An oil-price recovery could supercharge it.