石油と中東

石油(含、天然ガス)と中東関連のニュースをウォッチしその影響を探ります。

五大国際石油企業2017年7-9月期決算速報(付JXTGグループ業績)(2)

2017-11-20 | 海外・国内石油企業の業績

(注)本レポートは「マイライブラリー(前田高行論稿集)」で一括してご覧いただけます。

 http://mylibrary.maeda1.jp/0426OilMajor2017-3rdQtr.pdf

 

2017.11.20

前田 高行

 

1. 五社の7-9月期業績比較

(表:http://menadabase.maeda1.jp/1-D-4-22.pdf 参照)

 五社を横並びで比較すると売上高、総合利益及びガス生産量ではShellがトップである。しかし上流部門利益、下流部門利益、設備投資、原油生産量及び原油・天然ガス合計生産量の各部門ではExxonMobilがトップであり、売上高利益率ではTotalが最も高い。なお今期の五大石油企業は全社黒字である。

 

(1) 売上高(図:http://menadabase.maeda1.jp/2-D-4-51.pdf 参照)

 2017年7-9月の売上高は5社ともに前年同期より増加した。各社の売上高および対前年同期の増加幅は、ExxonMobilが662億ドル(13%増)、Shell758億ドル(23%増)、BP 600億ドル(28%増)、Total 430億ドル(15%増)、Chevron 362億ドル(20%増)であった。

 各社の増収率はいずれも原油・天然ガス生産量の増加率(別項参照)を上回っている。これは今期の原油ガス販売単価が昨年の同期よりも高くなったことによる。因みに販売単価をShellの決算資料で見ると、昨年7-9月期はバレル当たり平均40.43ドルであったものが、今期は47.06ドルと16%アップしている。原油価格の上昇がそのまま各社の売上高の増加に反映されたと言えよう。

 

 JXTGの2017年7-9月期の売上高は4兆6,845億円(422億ドル)であった。これは国際石油企業5社で売り上げが最も大きいShell(758億ドル)の6割であり、5社の中で売り上げが最も少ないChevron (362億ドル)を上回っている。

 

(2) 総合利益 (図:http://menadabase.maeda1.jp/2-D-4-52.pdf 参照)

 前年同期に引き続き今期も5社すべてで利益を計上している。利益額が5社の中で最も大きいのはShellの43億ドルであり前年同期(14億ドル)の3倍である。Shellに次いで利益が多いのはExxonMobilの40億ドルであるが、前年同期比で50%増である。残る3社の利益はTotalが27億ドルでShellあるいはExxonMobilの7割弱であり、Chevron(20億ドル)及びBP(18億ドル)は上位2社の半分以下である。なお3社を前年同期と比較するとChevronは50%増、Totalも40%増であるが、BPのみは10%増にとどまっており、4社に対して見劣りがする。

 

 なおJXTGの四半期利益は1,818億円(16億ドル)であり国際石油5社のいずれよりも低い水準である。

 

(続く)

 

本稿に関するコメント、ご意見をお聞かせください。

        前田 高行         〒183-0027東京都府中市本町2-31-13-601

                               Tel/Fax; 042-360-1284, 携帯; 090-9157-3642

                               E-mail;maedat@r6.dion.ne.jp

 

 

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ニュースピックアップ:世界のメディアから(11月20日)

2017-11-20 | 今日のニュース

・先週末の原油価格:Brent $62.72, WTI $56.65

 

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"The Peace on The Horizon - 70 Years after The World War 2 in the Middle East"

2017-11-18 | 中東諸国の動向

Home Page: OCIN INITIATIVE

 

(Japanese Version)

(Arabic Version)

 

(Table of contents)

 

"The Peace on The Horizon - 70 Years after The World War 2 in the Middle East"

 

By Areha Kazuya

E-mail: areha_kazuya@jcom.home.ne.jp

 

Prologue

 

4. Britain's triple tongue diplomacy during World War I (1)

 

When talking about the Middle East after the World War II, it is inevitable to mention about  "triple tongue diplomacy" by Britain during the World War I.

 

World War I was a war between two groups. One is UK, France and their allies including Japan. The other side is Germany, Austria and Ottoman Empire. UK, France and its allies defeated German allies. In 1919 the Versailles Treaty was concluded at the Paris Peace Conference on postwar treatments led by UK and France. This treaty was extremely harsh for the defeated Germany and Ottoman Empire. Germany ceded its territory and also was forced a huge compensation. It was the system called the winner-take-all. The UK and France also did not forgive the Ottoman Empire. Except for Asia Minor  UK and France forfeited Levant, Tigris & Euphrates regions from Ottoman Empire, where she has been the lord in the long history. It is a finish of colonial acquisition games by the European imperialistic nations continuing from the 19th century. The Arab people who has been living in that area for a long time has been totally neglected.

 

During the World War I UK made three promises – the McMahon-Hussein Correspondence, the Sykes- Pico Agreement and the Balfour Declaration. They were the roots of all evil at present in the Middle East. Each of these three promises were concluded with different partners, and totally conflicted each other. Therefore, these series of UK diplomacy were criticized as triple tongue diplomacy. It was not only critically acknowledged, but it brought about disaster to the whole region of the Middle East, and the disaster has been continuing for one hundred years.

 

(1)  McMahon-Hussein Correspondence

The first of these three promises is a series of ten letters between Henry McMahon, the British High Commissioner in the Sultanate of Egypt, and Hussein bin Ali, Sharif of Makkah from July 1915 to March 1916. As the reward of the war against Ottoman Empire, McMahon promised independence of   Arabs. He wrote a letter to Hussein on 24 October 1915, saying as follows.

 

"I am empowered in the name of the Government of Great Britain to give the followint assuraances and make the following reply to your letter:

 Subject to the above modifications, Greate Britain is prepared to recongnize and support the Independence of the Arabs within the territories included in the limits and boundaries proposed by the Sherif of Mecca”

 

Hussein was born in historic house as a 39th direct descendant of the Prophet Muhammad. He was the Sherif of Makkah and the King of the Hizjaz, reigning the Red Sea coastal zone.  Hussein, who was supported by UK, ordered his sons Abdallah and Faisal to attack the Ottoman Empire. Abdullah later became the King of Jordan and grandfather of Abdallah II. And Faisal became the King of Iraq. Two sons fought guerrilla war against Ottoman Empire.

 

It was this moment that the British military officer Thomas Edward Lawrence, so-called "Lawrence of Arabia", worked as a operation staff of King Faisal. The name of "Lawrence of Arabia" might give the impression that Lawrence himself created his own tactics and led ignorant Arabs to the victory. However, this was wholly illusion made by UK. He was merely a liaison officer of the British Army. His duty was the agency of military logistics such as war chest, weapons and ammunition supplied from the UK to the Arabs.

 

He himself believed that his country would faithfully keep the promise of the McMahon-Hussein Correspondence. However, after the war, the land actually allocated to the Arabs was far from their expectation. T.E. Lawrence lost the trust of Arabs. His heart was broken and he returned to UK. He afterwards lost his own life by a motorcycle accident.

 

In the Arab world, Lawrence is regarded as "a tool of the UK" and has not been appreciated at all. On the other hand, Western people who is the winner of the war created a hero at one’s descretion.


(To be continued ----)

 

 

 

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今週の各社プレスリリースから(11/12-11/18)

2017-11-18 | 今週のエネルギー関連新聞発表

11/13 Shell Shell further reduces its interest in Woodside  

11/14 出光興産 平成30年3月期  第2四半期決算短信〔日本基準〕(連結 

11/17 経済産業省 平成28年度(2016年度)エネルギー需給実績を取りまとめました(速報) 

11/14 経済産業省 西銘経済産業副大臣がアラブ首長国連邦に出張しました 

11/14 国際石油開発帝石 アラブ首長国連邦アブダビ 上部ザクム油田の 生産能力 100 万バレル/日への引き上げについて  

11/13 国際石油開発帝石 四 半 期 報 告 書 

11/14 昭和シェル石油 平成29年12月期 第3四半期決算について 

11/16 石油連盟 石油増税反対 総決起大会について 

11/14 三井物産 パキスタンにおける浮体式LNG受入基地事業への参画 

 

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五大国際石油企業2017年7-9月期決算速報(付JXTGグループ業績)(1)

2017-11-17 | 海外・国内石油企業の業績

(注)本レポートは「マイライブラリー(前田高行論稿集)」で一括してご覧いただけます。

 http://mylibrary.maeda1.jp/0426OilMajor2017-3rdQtr.pdf

 

2017.11.17

前田 高行

 

 スーパーメジャーと呼ばれる五大国際石油企業(ExxonMobil、Shell、BP、Total及びChevron)の7-9月期決算が相次いで発表された。ここでは売上高、利益(総合及び上流部門、下流部門)、売上高利益率、設備投資および石油・天然ガス合計生産量について各社の業績を横並びで比較するとともに各社の四半期決算の推移を検証する。

 

 なお今年4月に発足したJXTGホールディングスの7-9月期決算が同時に発表されている。同社は旧日本石油と三菱石油の合併に始まり、その後共同石油・日本鉱業グループさらには東燃グループとの合併を経て成立した日本最大の石油企業グループである。

 

同社は石油・天然ガスの開発・生産(上流部門)から石油精製・販売(下流部門)を包含する総合エネルギー企業である。本稿で比較する数値が示すように、五大国際石油企業に比べると売上高はChevronをしのぎTotalと肩を並べ、また利益はBPに次ぐレベルである。参考のため比較可能な項目について概要を示すこととする。(円とドルの換算レートは1ドル=111円とした)

 

 決算の詳細は以下の各社のホームページを参照されたい。

ExxonMobil:

http://news.exxonmobil.com/press-release/exxonmobil-release-third-quarter-2017-financial-results

Shell:

http://www.shell.com/media/news-and-media-releases/2017/third-quarter-2017-results-announcement.html 

BP:

https://www.bp.com/en/global/corporate/media/press-releases/third-quarter-2017-results.html

Total:

https://www.total.com/en/media/news/press-releases/third-quarter-%20and-first-nine-months-2017-results

Chevron:

https://www.chevron.com/stories/chevron-reports-third-quarter-net-income-of-2-billion

JXTGホールディングス:

http://www.hd.jxtg-group.co.jp/ir/library/statement/2017/

 

(注)JXTGホールディングスは今年4月発足のため前年度あるいはそれ以前については本稿では業績比較の対象からはずした(なお同社決算資料では前年同期比としてJXホールディングスと東燃ゼ-ネラルの合計値が示されている)。また同社7-9月期決算資料では設備投資額、原油生産量、ガス生産量、同合計生産量の四半期数値が判別できないため、これらの項目については五大石油企業との比較は行っていない。

 

*五社の2016年通期及び2009年から2016年までの通年の業績比較は下記レポートを参照されたい。

http://mylibrary.maeda1.jp/0401OilMajor2016.pdf 

 

(続く)

 

本稿に関するコメント、ご意見をお聞かせください。

        前田 高行         〒183-0027東京都府中市本町2-31-13-601

                               Tel/Fax; 042-360-1284, 携帯; 090-9157-3642

                               E-mail;maedat@r6.dion.ne.jp

 

 

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ニュースピックアップ:世界のメディアから(11月17日)

2017-11-17 | 今日のニュース

・WTI原油$55ドル台で張り付く。Brentは$61.77

・トルコとイラク、キルクーク油田の輸出再開で協議

 

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ニュースピックアップ:世界のメディアから(11月15日)

2017-11-16 | 今日のニュース

INPEXのアブダビ・ザクム上部油田権益、2051年まで10年間延長。2024年までに35万B/D増産。*

・UAE石油相:OPEC加盟国の増加を提案。OPECの目的はカルテルではなく市場安定化

 

*レポート「石油・ガス開発で深まる日本とアブダビの重層的関係」(2014年2月)参照。

 

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"The Impossible Peace - 70 Years after The World War 2 in the Middle East"(3)

2017-11-12 | 中東諸国の動向

 

Home Page: OCIN INITIATIVE

 

(Japanese Version)

(Arabic Version)

 

(Table of contents)

 

By Areha Kazuya

E-mail: areha_kazuya@jcom.home.ne.jp

 

Prologue

 

3. Three identities in the Middle East

 

From now on, I will follow the history of the Middle East for 70 years after the war according to my own opinion. I think that there are three identities in the Middle East. The first one is "blood" identity. The second is the "religious" identity. And the last one is "ideology” identity. I will frequently refer these three identities in each chapter. I, therefore, would like to briefly explain hereof.

 

Firstly, "blood" identity is a biological identity, contemporary, called as DNA. This is given naturally when we were born as a human being. The identity of "blood" is "race". The largest race in the Middle East is "Arab", but in the Middle East some other ethnic groups such as the Turkish and Persian  ethnicity coexist (Although there is the definition of "Jewish", but Jewish can not be said to be "race" in biological meaning).

 

The ethnicity, namely race, is a rather big concept. Blood relationship connect each other.The closest blood relationship is parent and child, brothers and sisters, which is called "family". If you expand to relationships such as uncle, aunt, cousin, etc, it will be "relatives". When covers distant relatives, it will be "clan". Furthermore, "tribe" overwhelming "clans", and eventually reaching the "ethnic" category.

 

In a modern society where urbanization has progressed, as described by the word "nuclear family", nowadays, the connection of blood is limited in family members or relatives. "Clan" or "tribe" is almost absolute. The word "ethnic group", which is the biggest concept, is still frequently used today, but it is often used as a political slogan. On the other hand, in the Middle East (especially among the Arab peoples) not only the top powerful persons but also ordinary citizens use widely the identity of this "blood".

 

The identity of "blood" is a congenital one inherited as DNA, too, but on the other hand, the identity of "religion” and "ideology" gets acquired after his berth.

 

Regarding religion in the Middle East, Islam has overwhelming influence. Not only Arab ethnic groups, but also Turkish people and Persian races are mostly Islamic Muslims. Of course, in the Middle East there are Christian believers such as the Egyptian Coptic or Jewish country Israel, too. Both Muslims, Christianity and Judaism have a common character of monotheism. They are Abrahamic religion. But because of that reason there is a long history of struggling each other and hatred. Especially the confrontation between the Islamic states and the Jewish state Israel cannot be foreseen the future.

 

In addition, Islam in modern Middle East has a confrontation between Sunni and Shiite sects. Furthermore even among Sunni there are conflicts between fundamentalist and moderate. Needless to say, the conflict is common in religious fields not only Islam but also Christianity. Look at the religious war between Catholic and Protestant in Middle Ages. But in the Middle East where the modern Western Europe civilization has penetrated, the conflict of religion is still a big problem and even sharpened in the modern age of globalization that the Internet has developed.

 

The third identity is political or economic ideology with principle and assertion. After being relieved from the bondage of religion in Western Europe in Middle Ages, the conflict of ideology has appeared. Through the era of Industrial Revolution and mercantilism, ideology has transformed into capitalism. In the historical process, inequality of wealth distribution became a problem. The socialism and communism ideology have spread globally.

 

The appearance of the Soviet Socialist Federation (Soviet Union) by the Russian Revolution had spread socialism worldwide. Western capitalism and Soviet socialism originally had mutually incompatible nature. But in order to combat the totalitarianism of Nazis in Germany, they fought together to overthrow Nazism. And World War II was over. As soon as war is over, US-led West alliance conflicted sharply with Soviet-led East alliance. It was called "the Cold War era". Even if we call it "the Cold War", in fact, hot wars as surrogate wars by both side occurred allover the world. The Middle East has also become one of the battle front. Before liberated from the spell of religious Islam, the Middle East has caught up in the ideological war. This has expanded the disorder moreover.

 

I would like to consider again the order of time series between "blood", "religion" and "ideology". "Blood" is inherent and genetically native as DNA. In comparison, "religion" and "ideology" are acquired after berth. In most cases, "religion" sticks to children during uninhibited childhood. Christian babies are baptized, and Muslim babies grow up hearing lullaby of the prayer words "Azan" from the mosque. In contrast, "ideology” is imprinted into the brains of individuals through education (especially through higher education). In other words, these three elements are taken in order beginning with congenital "blood", then "religion", and "Ideology" in the last. This is a natural order.

 

Looking at the national level, the ethnic nation, the religious states and ideological states of capitalism or socialism appears from time to time. In Western Europe three identities have appeared separately in history with a considerable time span. They never appeared simultaneously. However, in the Middle East three identities have been appeared in parallel in the short history of 70 years after World War II. Disorder and tragedy in the Middle East were born in such circumstance. This is what I want to say.

 

(To be continued ----)

 

 

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ニュースピックアップ:世界のメディアから(11月11日)

2017-11-11 | 今日のニュース

・サウジ、12月の原油輸出量を12万B/D削減。米国向けは10%カット

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ニュースピックアップ:世界のメディアから(11月11日)

2017-11-11 | 今日のニュース

・サウジ、12月の原油輸出量を12万B/D削減。米国向けは10%カット

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