Abstract: In order to consolidate advantage, further expand market share and lead the future trend, the global oil majors such as ExxonMobil, Shell and BP have been adjusting their refining business strategies and portfolios under the new situation of volatile oil market, demand growth slowdown, energy structure transformation and increased competition. This paper analyzes the situation in details and studies the refining strategic adjustments of the global oil companies. These companies have changed their previous strategy which emphasizes on ‘big and comprehensive’ refining operations to pursuing excellent performance of their competitive assets, insisting on market oriented, leading in the development of disruptive technologies and promoting the low-carbon transformation. The focuses of their refining strategies concentrate on the following areas:maintain the competitive advantage of refining assets and achieve steady growth; emphasize the integration of refining and downstream business; focus on the expansion of key markets and think twice of investment on new projects; maintain leading status in technology innovation and highlight the technical support for business development; make low carbon strategy one of the priorities in advance to enhance the flexibility and adaptability of refining business in the future low carbon scenario. Chinese oil companies could learn experiences from the strategic adjustment of refining business by global oil majors to strengthen their downstream business.

Key words: oil companies, refining, strategy, fuel, sustainability, greenhouse gas

摘要： 在石油市场波动、需求增速放缓、能源结构转型、市场竞争加剧的新形势下，国际大石油公司更加重视炼油业务的战略应对，力求巩固优势，进一步扩大市场份额，并引领行业前沿。本文分析了国际大石油公司炼油业务发展面临的形势，重点研究了埃克森美孚、BP、壳牌等主要的国际大石油公司进行的战略调整，这些公司改变了以往炼油“大而全”的战略，更加专注做精优质资产，聚焦重点市场，主导超前领域，推进低碳转型。文章指出战略重点包括：保持优势炼油资产的竞争力，实现稳健增长；高度重视炼油生产与下游业务的一体化发展；重点发展“核心”市场，慎重选择新项目投资地点；保持技术领先优势，突出技术对业务的支撑引领；及早制定低碳发展战略，增强炼油业务在未来低碳情景下的灵活性和适应性。国际大石油公司炼油业务的战略调整和规划对于我国石油公司做强下游业务具有参考借鉴意义。

关键词: 石油公司, 炼油, 战略, 燃料, 可持续性, 温室气体