Core Viewpoint - The company announced its semi-annual profit distribution plan for 2025, detailing a cash dividend of 0.0130 yuan per share, totaling approximately 72.58 million yuan for all shareholders [2][3]. Distribution Plan - The distribution is based on a total share capital of 5,583,147,471 shares, with a cash dividend of 0.0130 yuan per share (before tax) [3]. - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the record date [3]. Relevant Dates - The company held its annual general meeting on June 19, 2025, to approve the profit distribution plan, which was subsequently authorized by the board on August 21, 2025 [2]. Taxation Details - Individual shareholders holding shares for over one year are exempt from personal income tax on dividends, while those holding for one year or less will have taxes deducted upon sale of shares [6]. - For qualified foreign institutional investors (QFIIs), a 10% withholding tax applies, resulting in a net dividend of 0.0117 yuan per share [7]. Contract Signing Announcement - The company’s subsidiary signed an EPC contract worth 513 million USD (approximately 3.688 billion yuan) with ADNOC Gas for a gas pipeline project in the UAE [12][15]. - The project has a construction period of 36 months, followed by a 12-month warranty period [18]. Impact on Company Performance - The contract is expected to positively influence the company's revenue and profit over the next 3-4 years, although it will not significantly impact the current year's financials [12][20]. Guarantee Situation - In August 2025, the company and its subsidiaries executed 34 guarantees totaling approximately 2.78 million yuan, all of which were credit guarantees [23][26]. - The total guarantee balance as of August 31, 2025, was approximately 45.49 billion yuan, representing 171.57% of the company's audited net assets as of December 31, 2024 [24][26].

中国石油天然气股份有限公司关于公司董事兼总裁离任的公告 中国石油天然气股份有限公司于2025年9月19日收到董事兼总裁黄永章的辞呈，因其工作变动原因，辞 去公司董事、总裁、投资与发展委员会委员、可持续发展委员会主任委员职务，离任后不再担任公司及 控股子公司任何职务。其原定任期至2026年6月。本次离任不会导致董事会成员低于法定人数，不影响 董事会正常运作，辞任当日生效。公司将按程序尽快完成补选工作。黄永章确认不存在未履行完毕的公 开承诺，与董事会和公司无不同意见，已完成工作交接。董事会对其在任职期间为公司经营业绩稳健增 长和高质量发展所作的重要贡献表示诚挚感谢。 截至2025年9月19日收盘，中国石油(601857)报收于8.15元，下跌0.73%，换手率0.08%，成交量123.19万 手，成交额10.07亿元。 9月19日主力资金净流出4674.99万元，占总成交额4.64%；游资资金净流入3251.61万元，占总成交额 3.23%；散户资金净流入1423.38万元，占总成交额1.41%。 公司公告汇总 当日关注点 交易信息汇总资金流向 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备31010 ...

Core Points - The third "Touching Petroleum" award ceremony was held by China National Petroleum Corporation (CNPC) in Beijing, recognizing 10 individuals and 3 teams from 27 nominees selected through 1.526 million votes [1][3] - The awardees include teams and individuals who have made significant contributions to the oil industry, showcasing dedication to national energy security and technological advancements [3][4] Group 1: Awardees and Contributions - The awardees include the CNPC Information Technology Strengthening Core Engineering Project Management Team, Zhang Jinyou from Daqing Oilfield, Yang Yixing from Changqing Oilfield, and several others who have excelled in various fields [3][4] - Zhang Jinyou achieved a historic breakthrough in unconventional oil and gas, while Yang Yixing has guided over 10,000 well operations, generating a cumulative profit of 180 million yuan [4] - The CCUS technology team from Jilin Oilfield established Asia's largest and China's first national-level demonstration project for the entire CCUS industry chain, contributing to national emission reduction efforts [4] Group 2: Personal Stories and Legacy - Personal stories shared during the ceremony highlighted the dedication and sacrifices of the awardees, such as Geng Jie, who ensured the safe and environmentally friendly operation of the Chad oilfield for 14 years, increasing production from 1 million tons to over 5 million tons [4][6] - The event utilized holographic technology to honor the legacy of Wang Jinxi, a symbol of the spirit of the oil industry, emphasizing the ongoing commitment to innovation and excellence in the sector [6] - The ceremony included performances and tributes to the labor model groups within CNPC, reinforcing the collective spirit and achievements of the workforce [6]

9月20日，中国石油传来好消息，位于甘肃庆阳的长庆油田第二采油厂日产原油突破10000吨大关，达到 10039吨，这标志着甘肃庆阳革命老区建成日产原油超万吨的大油田，为我国原油增储上产，保障国家 能源安全，推动陇东综合能源化工基地建设注入强劲动力。 截至目前，长庆油田第二采油厂在庆阳革命老区已成功开发10个低渗透油田，建成5个千吨级采油作业 区，老油田连续8年保持高效稳产，累计为国家贡献原油超8600万吨。 （作者： 石强 薛亮 张少华 张鹏飞） 建厂54年来，第二采油厂不断挑战低渗透油藏勘探开发极限，依靠科技创新，通过应用"水平井+体积 压裂"技术，页岩油规模效益开发在陇东黄土塬取得重大突破，实现了由多井低产向少井高产的转变， 强力支撑了原油上产。同时第二采油厂奋力推进精细注水、油藏综合治理、示范区建设、提高采收率等 重点工作，持续夯实了油田稳产基础。 长庆油田第二采油厂所在的甘肃省庆阳市属黄河中游黄土高原沟壑区，境内油煤气风光资源共生，是鄂 尔多斯盆地的重要组成部分和陕甘宁能源"金三角"规划的重点区域。境内已探明石油地质储量20亿吨， 占鄂尔多斯盆地总资源量40%，成立于1971年的第二采油厂，是长庆油田 ...

↑点击上面图片 加雪球核心交流群 ↑ 作者：只买消费垄断 来源：雪球 逆向思维，就是，反过来想。总是反过来想。芒格认为，研究失败比研究成功更有价值。因为失败往往揭示了根本问题和风险所在。通过逆向思 考，人们可以更好的识别和规避陷阱，避免犯同样的错误。在股市投资中，芒格通过研究失败的公司的共同规律，来规避风险，他认为避免愚蠢比 追求智慧更容易成功，芒格在书中把失败的公司的原因归为四大类。 第一类失败，能力圈之外的无知型失败：不懂的公司坚决不买。 投资者买股票踩雷，本质是公司的失败。公司失败，本质是投资者和管理者，对业务的底层逻辑毫无认知。导致决策脱离现实。比如盲目跨界，盲 目多元化，比如传统制造业去做互联网，消费品公司去投资芯片，缺乏技术积累也不懂新行业规则，最终投入打水漂。比如箭牌口香糖，主业做的 很好，但是为了多元化盲目收购软件公司，因为完全不懂软件的研发，迭代逻辑，最终软件业务持续亏损，拖累了主业。再比如阿里巴巴投资饿了 吗，苏宁易购，大润发，高德地图，基本都是亏损累累。伯克希尔1989年收购美国航空优先股，到1994年亏损75%。芒格后来承认他和巴菲特低估 了航空业密集的资本投入和同质化竞争；再比如贵州 ...

Group 1 - The stock price of China Petroleum (601857) closed at 8.15 yuan on September 19, 2025, down 6.21% from 8.69 yuan the previous week [1] - The highest intraday price for China Petroleum on September 15 was 8.8 yuan, while the lowest intraday price on September 19 was 8.13 yuan [1] - The current total market capitalization of China Petroleum is 1,491.62 billion yuan, ranking 1st in the refining and trading sector and 8th among 5,153 A-shares in the two markets [1] Group 2 - China Petroleum announced that its president and director, Huang Yongzhang, resigned on September 19, 2025, due to work changes, and will no longer hold any positions in the company or its subsidiaries [2][3] - Huang Yongzhang's resignation is effective immediately and will not affect the legal number of board members or the normal operation of the board [2] - The board confirmed that Huang Yongzhang has no outstanding public commitments and has completed the handover of his responsibilities [2][3]

齐鲁晚报·齐鲁壹点记者 白新鑫 通讯员 张静 王远航 9月18日上午，天然气销售专项工作领导张宇杰发表总结讲话，标志着中国石油第四届技术技能大赛管道燃气客服员竞赛圆满结束，参赛选手虽然踏上归 途，但竞赛的余温仍在赛场的角落流转。作为赛事承办地，山东中油天然气有限公司举全公司之力，周密筹备，以专业高效的组织服务为赛事护航。今天就 让我们盘点一下筹备竞赛幕后那些事儿。 提高站位，强化组织领导。本次竞赛是天然气销售公司首次举办的集团公司级管道燃气客服员竞赛，作为竞赛实施单位，山东中油深感使命光荣、责任重 大。山东中油将竞赛落地工作列为当前首要任务，成立由主要领导挂帅的竞赛筹备工作专班，下设现场保障组、费用预算组、宣传报道组、安全保障组、后 勤保障组5个专项工作组。先后召开筹备动员会、专题协调会、工作推进会30余次，制定详尽的竞赛承办工作方案和任务分解表，明确各项工作的路线图、 时间表和责任人，建立日调度、周总结的工作机制，确保各项筹备工作无缝衔接、高效落实。 对标先进，升级竞赛场地。为确保竞赛环境符合集团公司级赛事标准，山东中油对标已承办过集团公司级赛事实施单位，投入专项资金对竞赛场地进行全面 提升改造。依据竞赛规 ...

Core Viewpoint - The successful hosting of the Fourth Technical Skills Competition for Pipeline Gas Customer Service Personnel by Shandong Zhongyou demonstrates the company's commitment to high standards in preparation, quality service, and effective management, while also showcasing the skills of its employees in a competitive environment [1][13]. Group 1: Event Preparation and Execution - The competition took place from September 15 to 18, featuring 82 technical elites from various units competing in theoretical assessments and practical skills [1]. - Shandong Zhongyou faced dual pressures of event preparation and pipeline operation during the flood season, implementing a comprehensive plan to ensure smooth operations [1][3]. - The company emphasized "high standards in preparation, high-quality service, and high-level guarantees," adopting a principle of "frugal hosting" to manage costs effectively [1][6]. Group 2: Safety and Risk Management - The company conducted thorough risk assessments, identifying over ten potential risk points and developing targeted control measures, including a specialized emergency response plan [3][4]. - Multiple fire drills and emergency simulations were organized to ensure staff were well-prepared for various scenarios, reinforcing safety protocols [4][12]. - A 24-hour monitoring system was established during the competition to prevent accidents, resulting in zero safety incidents throughout the event [12]. Group 3: Employee Engagement and Teamwork - The event served as an opportunity for the company to showcase its corporate image, with leadership actively involved in on-site management and decision-making [3]. - A "find the fault" initiative was launched to engage employees in identifying and rectifying issues related to the competition venue, leading to the resolution of 23 identified problems [7]. - The company fostered a strong sense of ownership among employees, with teams working diligently to complete venue renovations and ensure a high-quality competition environment [6][8]. Group 4: Outcomes and Future Directions - The competition not only provided a platform for skill exchange but also contributed to the unification of industry skill standards and the enhancement of service levels [13]. - Shandong Zhongyou plans to leverage the experiences gained from hosting the event to improve daily operations and strengthen collaboration with other units within the group [13]. - The company aims to continue enhancing its service capabilities and contribute to the development of a comprehensive energy supply system for the group [13].

Core Insights - The fourth technical skills competition for gas service personnel organized by China Petroleum concluded with 82 contestants, where 5 individuals won gold medals, showcasing their solid skills and deep understanding of the gas service role [2][5] Group 1: Competition Overview - The competition highlighted the importance of "full-chain service capability" in gas customer service, emphasizing that the role goes beyond just answering calls and solving queries [2] - Contestants underwent extensive preparation, with some, like contestant Ling Yi from Hebei, utilizing specific training methods to overcome theoretical challenges [3] Group 2: Contestant Experiences - Contestant Zhang Xue from Hubei emphasized the significance of communication skills, emotional management, and professional knowledge, planning to produce quarterly customer insight reports to enhance service delivery [4] - Contestant Du Manman from Shandong focused on the importance of standardized processes and attention to detail in user service, aiming to integrate competition learnings into daily operations [4] Group 3: Skill Development and Future Plans - Contestant Ren Yuqian, who won gold in her first competition, expressed gratitude for the support received and plans to apply her learnings to solve work challenges and share experiences with colleagues [5] - The gold medalists collectively aim to share their experiences and optimize service processes, reinforcing the commitment to ensuring safe gas usage for households [5]

Core Viewpoint - The fourth technical skills competition for pipeline gas customer service personnel organized by China National Petroleum Corporation (CNPC) emphasizes the importance of comprehensive training and skill assessment for frontline employees, moving away from elite competitions to a more inclusive approach [4][5][15]. Group 1: Competition Structure and Objectives - The competition was held from September 15 to 18, 2025, in Zibo, showcasing 82 participants from various subsidiaries of CNPC [4]. - The event featured a two-step process: an online training phase followed by a live competition that included theoretical exams and practical skill assessments [5]. - The competition aimed to ensure that at least 60% of employees from participating units engaged in the training, promoting a culture of collective skill enhancement rather than individual elitism [5][14]. Group 2: Training and Preparation - Participants received two days of hands-on training before the competition, allowing them to familiarize themselves with the equipment and operational standards [9]. - The competition included practical scenarios that reflected real-life tasks, such as gas safety inspections and troubleshooting, ensuring that participants demonstrated genuine skills applicable to their daily work [10][14]. Group 3: Evaluation and Fairness - A total of 17 judges with over ten years of experience were involved in the evaluation process, ensuring a fair and rigorous assessment of participants' skills [14]. - The competition's design was based on extensive revisions to ensure that it covered various customer service scenarios, promoting fairness among participants from different roles [14][24]. Group 4: Outcomes and Future Implications - The competition concluded with the awarding of 5 gold, 9 silver, and 14 bronze medals, highlighting the achievements of participants and their commitment to improving service quality [23]. - Participants expressed that the competition not only enhanced their technical skills but also provided insights into other roles within the company, fostering a more integrated service approach [24][28]. - The event aligns with CNPC's strategy to enhance customer service through a combination of online and offline platforms, reflecting the industry's trend towards integrated service delivery [26][28].