Financial Performance - Operating revenue for the first half of 2022 was RMB 1,614,621 million, representing a growth of 34.9% year-on-year[8]. - Net profit attributable to shareholders of the parent company was RMB 82,391 million, a significant increase of 55.3% compared to the same period last year[8]. - Basic earnings per share for the reporting period was RMB 0.45, up 55.3% from RMB 0.29 in the previous year[8]. - Net cash flow from operating activities amounted to RMB 196,061 million, reflecting a 69.0% increase year-on-year[8]. - The return on equity (ROE) for the reporting period was 6.2%, an increase of 2.0 percentage points compared to the previous year[8]. - The company achieved a significant improvement in free cash flow due to the substantial rise in international oil prices[24]. - The company reported a total revenue of RMB 1,633,397 million from sales of goods and services, representing a 17.3% increase from RMB 1,392,189 million in the same period last year[121]. - The total profit for the period was RMB 118,332 million, a 35.9% increase from RMB 87,015 million in the same period last year[119]. - The company’s total comprehensive income for the six months ended June 30, 2022, was RMB 69,548 million, compared to RMB 34,076 million for the same period in 2021, indicating a significant increase of approximately 104.5%[124]. Assets and Liabilities - Total assets as of June 30, 2022, reached RMB 2,772,369 million, an increase of 10.8% compared to the previous year[8]. - Total liabilities reached RMB 1,276.86 billion, a 16.8% increase from the end of 2021, with current liabilities rising by 45.2%[47]. - The company's equity attributable to shareholders was RMB 1,334.62 billion, reflecting a 5.6% increase from the end of 2021, mainly due to retained earnings growth[47]. - The net debt as of June 30, 2022, was RMB 114.55 billion, down from RMB 203.66 billion at the end of 2021[51]. - Current assets amounted to RMB 752.63 billion, up 56.5% from the end of 2021, primarily due to increases in cash, inventory, accounts receivable, and derivative financial assets[46]. - The debt-to-capital ratio as of June 30, 2022, was 18.3%, a decrease from 19.5% at the end of 2021[53]. Shareholder Information - As of June 30, 2022, the total number of shareholders is 598,182, with 592,279 domestic A-share shareholders and 5,903 overseas H-share shareholders[16]. - The largest shareholder, China National Petroleum Corporation, holds 146,882,339,136 shares, representing 80.25% of the total shares[16]. - The company declared an interim dividend of RMB 0.20258 per share, totaling RMB 37.076 billion based on the total share capital of 183,020,977,818 shares as of June 30, 2022[4]. - The company distributed RMB 17,610 million to shareholders during the six months ended June 30, 2022, up from RMB 16,000 million in the same period of 2021[124]. Production and Sales - In the first half of 2022, the company's domestic crude oil production reached 387.7 million barrels, a year-on-year increase of 3.4%[30]. - The company's total oil and gas equivalent production was 845.0 million barrels, an increase of 3.1% compared to the same period last year[30]. - The average price of Brent crude oil in the first half of 2022 was $107.94 per barrel, up 66.1% year-on-year[25]. - The sales volume of gasoline, kerosene, and diesel was 7,143.3 million tons, a decline of 11.1% year-on-year[34]. - The company's sales of marketable natural gas reached 2,358.2 billion cubic feet, a year-on-year increase of 4.4%[29]. - Domestic sales of natural gas amounted to 103.719 billion cubic meters, representing a 7.8% increase from the previous year[36]. Expenses and Costs - The company's operating expenses rose to RMB 1,495.606 billion, a 35.0% increase year-on-year, driven by higher procurement costs[39]. - Employee costs rose by 12.1% to RMB 74.927 billion, linked to performance-based salary adjustments[39]. - Exploration expenses increased by 15.2% to RMB 12.839 billion, as the company intensified oil and gas exploration efforts[40]. - The average realized price of crude oil increased by 60.1% to RMB 4,807 per ton, despite a 17.2% decrease in sales volume[38]. Strategic Initiatives - The company is actively promoting the development of new energy and new materials, including the construction of a CCUS demonstration project[28]. - The company plans to continue optimizing its product structure and enhancing market marketing efforts to increase sales revenue[24]. - The company aims to enhance exploration efficiency and focus on strategic areas to achieve significant discoveries and breakthroughs in oil and gas reserves[60]. - The company is focusing on international business by enhancing exploration efforts in Kazakhstan and Oman, with a goal of achieving more significant oil and gas discoveries[63]. - The company is accelerating the development of renewable energy projects, including solar and wind power, to support its green low-carbon transition[63]. Regulatory and Compliance - The company has not faced any investigations or legal actions from authorities during the reporting period[81]. - The company has complied with all provisions of the standards for securities trading by directors during the reporting period[81]. - The company is subject to regulatory risks related to the oil and gas industry, which may impact its operations and financial performance[89]. Financial Instruments and Accounting - The company classifies financial assets into categories based on their management business model, including those measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income[136]. - Financial assets measured at fair value with changes recognized in profit or loss include trading financial liabilities and derivatives, with gains or losses recognized in the current period[140]. - The company recognizes impairment losses based on expected credit losses for financial assets measured at amortized cost and certain debt investments[144]. - The group recognizes revenue when the customer obtains control of the relevant goods or services, indicating that the customer can direct the use and obtain almost all economic benefits from the goods[195].

Financial Performance - Operating revenue for the period was RMB 779,368 million, representing a 41.2% increase year-on-year[3] - Net profit attributable to shareholders of the parent company was RMB 39,060 million, up 40.9% from the previous year[3] - Basic and diluted earnings per share were both RMB 0.21, reflecting a 40.9% increase compared to RMB 0.15 in the previous year[3] - The return on equity (ROE) increased to 3.0%, up 0.8 percentage points from the previous year[3] - The company reported a gross profit margin of approximately 20.0% for Q1 2022, compared to 22.9% in Q1 2021[19] - The company reported a net profit of RMB 43,636 million for the three months ended March 31, 2022, compared to RMB 31,645 million in the same period of 2021, representing a growth of 38.0%[21] - Total revenue for Q1 2022 reached RMB 779,368 million, a 41.2% increase from RMB 551,923 million in Q1 2021[19] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 2,610,802 million, an increase of 4.3% compared to the previous year[3] - Total liabilities as of March 31, 2022, were RMB 1,158,502 million, an increase from RMB 1,093,409 million at the end of 2021, representing a growth of 5.9%[18] - Current assets increased to RMB 602,459 million from RMB 480,838 million, marking a rise of 25.3%[17] - The company’s total liabilities increased to RMB 603,570 million as of March 31, 2022, from RMB 518,158 million at the end of the previous year[23] Cash Flow - The net cash flow from operating activities was RMB 84,425 million, a significant improvement from a cash outflow of RMB 1,800 million in the same period last year[3] - Operating cash flow for the three months ended March 31, 2022, was RMB 91,742 million, a significant increase from RMB 1,276 million in the same period of 2021[24] - Cash and cash equivalents at the end of the period were RMB 170,528 million, an increase from RMB 111,798 million at the end of the same period in 2021[20] Production and Sales - The total oil and gas equivalent production for the first quarter of 2022 was 430.9 million barrels, a year-on-year increase of 3.3%[9] - Domestic oil and gas equivalent production was 389.8 million barrels, reflecting a year-on-year growth of 4.5%[9] - Oil production reached 224.9 million barrels, a year-on-year increase of 1.6%[10] - Domestic oil production was 192.6 million barrels, up 3.7% from the previous year[10] - Natural gas sales in China increased by 10.9% to 60.615 billion cubic meters[14] Capital Expenditures - The company incurred capital expenditures of RMB 51,812 million, up from RMB 36,967 million in the same period of 2021[25] Market and Strategic Focus - The company plans to continue focusing on market expansion and new technology development to drive future growth[2] - The company continues to enhance its green low-carbon transformation and strengthen ESG management[9]

Financial Performance - The company's operating revenue for 2021 was RMB 2,614,349 million, representing a 35.2% increase compared to RMB 1,933,836 million in 2020[17]. - The net profit attributable to shareholders of the parent company for 2021 was RMB 92,161 million, a significant increase from RMB 19,002 million in 2020[17]. - The basic and diluted earnings per share for 2021 were RMB 0.50, up from RMB 0.10 in 2020[17]. - The total assets at the end of 2021 were RMB 2,502,533 million, a slight increase of 0.6% from RMB 2,488,400 million at the end of 2020[17]. - The net cash flow from operating activities for 2021 was RMB 341,469 million, reflecting a 7.2% increase from RMB 318,575 million in 2020[17]. - The company reported a weighted average return on equity of 7.4% for 2021, up from 1.6% in 2020, indicating improved profitability[17]. - The total liabilities decreased to RMB 1,093,393 million in 2021 from RMB 1,121,505 million in 2020, showing a reduction in financial leverage[17]. - The company incurred non-recurring losses totaling RMB 7,370 million in 2021, primarily due to asset disposals and other adjustments[21]. - The company reported a free cash flow growth of 13.8% compared to the previous year[48]. - The company's operating profit was RMB 1,611.53 billion, reflecting a 112.2% increase year-on-year[79]. Shareholder Information - PetroChina proposed a final dividend of RMB 0.09622 per share, totaling RMB 17.61 billion based on a total share capital of 183,020,977,818 shares as of December 31, 2021[9]. - The company maintained a total share capital of 1,830.21 billion shares throughout 2021, with no new shares issued[17]. - As of December 31, 2021, the total number of shareholders was 618,008, with a mix of domestic and international investors[31]. - The largest shareholder, China National Petroleum Corporation, holds 80.25% of the shares, totaling 146,882,339,136 shares[32]. - The company distributed a cash dividend of RMB 41,476 million in 2021, which accounted for 45% of the net profit attributable to the parent company[124]. - The cash dividend policy stipulates a minimum distribution of 30% of the net profit attributable to the parent company, provided that the cash flow supports sustainable operations[121]. - The company has maintained a stable and positive dividend policy, which has been well received by shareholders[122]. Operational Highlights - The company plans to produce 898.6 million barrels of crude oil and 4,625.1 billion cubic feet of marketable natural gas in 2022[50]. - The domestic crude oil production in 2021 was 19.898 million tons, a year-on-year increase of 2.4%[55]. - The company processed 1,225.0 million barrels of crude oil, a year-on-year increase of 4.0%[68]. - The company’s total proven oil reserves increased by 16.5% to 6,064 million barrels[64]. - The company’s total proven natural gas reserves decreased by 2.0% to 74,916 billion cubic feet[64]. - The company’s sales of marketable natural gas reached 4,420.0 billion cubic feet, a year-on-year increase of 4.7%[63]. - The company’s refining and chemical products sales volume increased by 6.7% year-on-year[65]. - The total sales of gasoline, kerosene, and diesel reached 163.3 million tons, a year-on-year increase of 1.3%[70]. Strategic Initiatives - The company is committed to building a world-class comprehensive international energy company and implementing high-quality development strategies[43]. - The company has implemented strategies focusing on innovation, resource management, market expansion, internationalization, and green low-carbon initiatives[43]. - The company will focus on green and low-carbon transformation, emphasizing clean production and energy consumption control[53]. - The company will continue to optimize its overseas asset structure and improve investment efficiency[53]. - The company is exploring strategic investments in innovative and green low-carbon industries through Kunlun Capital, aiming to foster new technologies and business models[163]. Governance and Compliance - The board of directors confirmed the accuracy and completeness of the annual report, ensuring no major omissions or misleading statements[8]. - The company has established and effectively operates an internal control system in compliance with regulatory requirements[196]. - The internal control system was evaluated by the board and deemed effective as of December 31, 2021, ensuring reasonable assurance against material misstatements[200]. - The company emphasizes transparency in information disclosure, adhering to regulatory requirements and ensuring timely and accurate reporting to shareholders[195]. - The company has restructured its board committees to strengthen ESG oversight by renaming the Health, Safety, and Environmental Committee to the Sustainable Development Committee[194]. Related Party Transactions - The company continues to engage in ongoing related party transactions with China National Petroleum Corporation (CNPC), with a proposed transaction cap for the period from January 1, 2021, to December 31, 2023[164]. - The total agreement for mutual supply of products and services between the company and CNPC is effective from January 1, 2021, for a duration of three years[165]. - The company provided RMB 69,058 million in sales to China Petroleum Group and its subsidiaries, accounting for 3% of total sales transactions[190]. - The company’s independent non-executive directors confirmed that all related party transactions were conducted in the ordinary course of business and on fair terms[186]. - The company’s auditors confirmed that all related party transactions were approved by the board and conducted according to the group’s pricing policy[188].

半年度報告 2021 中國石油天然氣股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 香港联合交易所股票代号 857 纽约证券交易所股票代号 PTR 上海证券交易所股票代码 601857 中国石油天然气股份有限公司 2021 中石油彩印 设计承印 010-80427353 半年度報告 本报告採用中国製造环保纸印刷 2021 本半年度报告载有若干涉及本集团财务状況、经营成果及业务 之前瞻性声明。由於相关声明所述情況之发生与否，非為本集团所 能控制，这些前瞻性声明在本质上具有高度风险与不确定性。该等 前瞻性声明乃本集团对未来事件之现有预期，並非对未来业绩的保 证，亦不构成本集团对投资者的实质性承诺。实际成果可能与前瞻 性声明所包含的内容存在差異，敬请投资者注意投资风险。 目 录 | 002 公司基本情況简介 | | --- | | 005 主要财务数据和指标 | | 007 股本变动及股东情況 | | 010 董事会报告 | | 026 重要事项 | | 039 董事、监事、高级管理人员情況 | | 041 债券相关情況 | | 财务报告 | | 044 按中国企业会计準則編製 | | 140 按国际财务 ...

2020年报封面-展开.pdf 1 21/3/29 上午11:25 司2020 年度報告 中石油彩印 设计制作 010-80427353 本报告採用中国製造环保纸印刷 中國石油天然氣股份有限公司 2020 年度報告 （於中華人民共和國註冊成立之股份有限公司） 中国石 香港联合交易所股票代号 857 纽约证券交易所股票代号 PTR 上海证券交易所股票代码 601857 | --- | --- | --- | --- | |-------|-------|-------|----------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 中國石油天然氣股份有限公司 | | | | | 年度報告 2020 | PetroChina 目 錄 002 重要提示 003 公司基本情況简介 005 会计数据和财务指标摘要 008 股份变动及股东情況 013 董事长报告 016 业务回顾 021 经营 ...