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

油價上漲對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，因為這些生產(chǎn)商以天然氣液體為原料生產(chǎn)產(chǎn)品，油價上漲使其產(chǎn)品更具競爭力。與亞洲和歐洲使用石油或石腦油為原料的設(shè)施不同，美國和中東的石化工廠傾向于使用天然氣液體。截至2019年，埃克森美孚60%以上的化學品產(chǎn)能位于北美和沙特。

在能源行業(yè)的其他大多數(shù)領(lǐng)域都看起來處境艱難的一年里，埃克森美孚的化學品業(yè)務(wù)似乎是一個潛在的亮點。油價回升可能會給該業(yè)務(wù)帶來額外的提振。

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.