Petroleum- What brought about 170 billion-.doc

 PAGE \* MERGEFORMAT 11 Petroleum: What brought about 170 billion? ‘Shares of God’ Buffett’s eyes indeed are discerning, as the sole holder of the oil stocks Buffett, PetroChina listed company annual report this year showed that the total profit from 2004 to 102.9 billion yuan, an increase to 2005 175.6 billion yuan. In contrast, 69.6 billion yuan profit in 2003 amounted to only a fraction of 2005. With oil prices this year, a record high point of hovering in the mid-year report of oil disclosed in the first half of the profits of oil has reached 809 billion yuan, an increase of nearly 30% again. In the United States ‘Business Week’ for the first time named the amp;quot;Asia’s 150 Best Enterpriseamp;quot; ranking in second place in the oil, is Asia’s most profitable company. With foreign investors applauded the contrary, domestic people in the oil profits fairly indifferent. ‘By the international oil price of the wind, sits by and pockets of monopoly profits’, ‘huge profits, the crystallization of the sacrifice of countless private oil companies, as well as ordinary people to pay bills’, the face of these accusations, the oil has not carried out effectively with the public communication, so that the domestic refined oil prices rose for every time, PetroChina, Sinopec these domestic oil giant suffered condemning the index will also risen once, domestic people in the oil monopoly and profiteering far higher degree of attention in the cheers of its profits. PetroChina embarrassment College of Business Administration, University of Petroleum, vice president of DONG Xiu-pairs in the oil in the high profit, the situation is a pity that he was’ successful marketing of ‘told reporters:’ As usual, the 170 billion yuan of profits and the state’s contribution to society is very large, but the profits arising from the results to differ materially from the expectations of the oil was originally created for the state and society tremendous value to undertake a lot of so