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壳牌炼油厂预计每桶燃料的利润将翻倍Shell refineries forecast to make double the profit from every barrel of fuel

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由于全球范围内的供应短缺导致油价创下历史新高,壳牌旗下的炼油厂预计每生产一桶燃料所能获得的利润将接近原先的两倍。

Shell’s refineries are expected to make almost double the profit from every barrel of fuel produced owing to record prices caused by shortages around the world.

在周三发布的市场动态报告中,这家能源巨头预计今年7月至9月期间,每桶燃料的利润率可达42美元,这一数值不仅远高于第二季度的24美元,也超过了2022年年中创下的约28美元的历史高位。

In a market trading update on Wednesday, the energy supermajor forecast profit margins of $42 a barrel in the July to September period, far above the $24 a barrel of the second quarter and the previous high of about $28 in mid-2022.

这些利润率的提升反映出柴油等成品油价格相对于原油成本的显著上涨。中东及俄罗斯地区多处炼油厂因战争受损而停产,导致市场供应持续紧张。

The margins reflect the steep increase in the price of refined fuels, including diesel, relative to the cost of crude oil, as the shutdown of war-damaged refineries in the Middle East and Russia squeezes supplies.

中东局势的动荡助力这家欧洲最大的石油天然气公司实现了业绩大幅增长:2026年第二季度,其净利润接近100亿美元,这一数值是去年同期的两倍有余,也创下了该公司有史以来第二高的季度盈利纪录。

The Middle East crisis helped Europe’s biggest oil and gas company to a profit of almost $10bn (£7.5bn) for the second quarter of 2026, more than double the figure for the same period last year and its second highest quarterly earnings on record.

目前,壳牌已是英国富时100指数中市值排名第二的企业。截至上月底,其股价升至每股36.23英镑的历史最高点。

The market value of Shell, now the second largest company on the UK’s FTSE 100 index, climbed to a record high of £36.23 a share at the end of last month.

尽管今年春季油价曾一度突破每桶115美元的高位,但随后有所回落,第三季度全球油价也略有下降:布伦特原油均价维持在每桶85.60美元,虽低于第二季度的97.05美元,但仍远高于去年同期的68.14美元。不过,欧洲天然气价格在夏季同比翻了一番,柴油价格也创下历史新高,这些因素共同推动了壳牌股价的上涨。

That share price was reached despite oil prices retreating from their 2026 peak of above $115 a barrel in spring to about $100. It was lifted by European gas prices, which doubled from the previous year over the summer, and record high diesel prices Global oil prices were slightly lower in the third quarter of the year. Brent crude averaged $85.60 a barrel, compared with $97.05 in the second quarter, but still well above the $68.14 recorded in the third quarter last year.

全球范围内,柴油价格较原油基准价的溢价幅度首次突破每桶100美元大关,这一数据也印证了炼油行业正获得创纪录的丰厚利润。

The diesel price premium over the global oil benchmark jumped above $100 a barrel for the first time, indicating record high profits from refining crude into fuels.

壳牌与法国能源企业道达尔能源共同运营着欧洲多座大型炼油厂,后者更是拥有欧洲大陆最大的炼油产能。道达尔能源首席执行官帕特里克·波亚内对全球能源危机所带来的发展机遇表示欢迎。

Shell operates some of Europe’s largest refineries alongside the French energy company TotalEnergies, which has the continent’s largest refining capacity. TotalEnergies’ chief executive, Patrick Pouyanné, welcomed the opportunities created by the global energy crisis.

本周,他在伦敦举行的一场行业会议上表示:“通过实现业务整合,我们取得了显著成效。这种整合意味着,原本被视作负担的欧洲炼油厂如今摇身一变成了‘金矿’。”今年8月,欧洲天然气基准价格指数涨幅超过一倍,达到70.50欧元(约合60英镑)。第二季度,天然气均价维持在每兆瓦时48欧元以上,第三季度则进一步攀升至近64欧元/兆瓦时。

He told an industry conference in London this week: “We’re doing really well by being integrated. Integration means your refineries in Europe, which you thought were liabilities, are suddenly becoming goldmines.”Europe’s benchmark gas price index more than doubled to €70.50 (£60) in August. The price of gas reached an average of more than €48 a megawatt-hour in the second quarter before leaping to almost €64/MWh in the third quarter.

伊朗危机对壳牌的天然气生产造成了沉重打击:该国在波斯湾的一座重要天然气处理设施受损严重,致使壳牌的天然气日产量从战前的90万桶油当量减少了三分之一。

Shell’s gas production has been hard-hit by the Iran crisis, which led to severe damage to one of its key gas processing facilities in the Gulf, cutting its prewar gas production of 900,000 barrels of oil equivalent per day (BOED) by a third.

周三,壳牌宣布预计本季度天然气日产量将升至74万至78万桶油当量,这一数值远高于此前预期的57万至63万桶油当量。今年第二季度,该公司的天然气日产量约为63.1万桶油当量。

Shell said on Wednesday that it expects gas production to climb to about 740,000 to 780,000 barrels of oil equivalent per day, up sharply from its previous forecast of 570,000 to 630,000 BOED for the quarter. It produced around 631,000 BOED in the second quarter.