分析近十年来经营数据可以发现,在同壳牌的“较量”中,BP的投资回报率平均水平总体处于下风,低于壳牌2%~3%。然而与壳牌业务结构相比,BP上游比重远高于壳牌。在国际油价持续上涨、石油公司主要依靠上游业务获得主要利润的形势下,拥有上游业务相对优势的BP反而在投资回报方面不及壳牌,令人值得思考和分析。 An analysis of the operating data for the past decade shows that in the same “Shell” scenario, the average return on investment of BP is at a disadvantage, down from 2% -3% of Shell’s. However, compared with the business structure of Shell, BP proportion far higher than the shell. As international oil prices continue to rise and oil companies mainly rely on their upstream businesses for major profits, BPs with the comparative advantages of upstream businesses are inferior to Shell in terms of return on investment and are worth considering and analyzing.