2011年上半年,三大石油公司利润增长步伐放缓,上游勘探开采盈利下降,中游炼化亏损严重,下游化工板块成为转嫁高油价风险的关键。8月底,三大石油公司2011年上半年业绩报告相继出台,出乎业内人士意料的是,在国家发改委曾两度上调国内成品油价格的上半年,三大石油公司整体利润增长却有放缓迹象。按照中国会计准则,虽然中石油以 In the first half of 2011, the profit growth of the three major oil companies slowed down. The profits of the upstream exploration and mining industry dropped. The midstream refining and chemical losses suffered serious losses. The downstream chemical industry segment became the key to shifting the risk of high oil prices. The end of August, the three major oil companies in the first half of 2011 earnings reports have been introduced, contrary to the industry insider’s expectation is that the National Development and Reform Commission has twice raised domestic prices of refined oil in the first half, the overall profit growth of the three major oil companies have slowed down sign. In accordance with Chinese accounting standards, although CNPC to