Core Viewpoint - The articles emphasize the importance of high-quality development and the cultivation of a strong leadership team within China National Petroleum Corporation (CNPC) to align with the Party's directives and enhance the company's core competitiveness [1][2][3]. Group 1: High-Quality Development - The 20th Central Committee of the Communist Party of China stresses the need for high-quality economic and social development, with a focus on self-reliance in technology and new productive forces [1]. - CNPC aims to implement the Party's directives by prioritizing talent development as one of its five strategic measures to ensure sustainable growth as a world-class energy and chemical company [1]. Group 2: Leadership Development - The Party has introduced new standards for leadership in state-owned enterprises, emphasizing the need for leaders to be politically strong, capable, and resilient [2]. - CNPC is committed to cultivating a leadership team that embodies these qualities, focusing on political loyalty and the ability to manage modern enterprises effectively [3][4]. Group 3: Innovation and Reform - The articles highlight the necessity for CNPC's leadership to embrace innovation and effective management practices to enhance the company's core competitiveness [3][4]. - There is a strong emphasis on the need for leaders to adapt to the challenges posed by global changes and to lead the company towards high-quality development [4][5]. Group 4: Strategic Planning and Future Orientation - CNPC is focused on enhancing its strategic capabilities to navigate future challenges, including the need to optimize traditional industries and foster emerging sectors [8][9]. - The company aims to develop leaders who possess strategic foresight and can effectively respond to market dynamics and technological advancements [8][9]. Group 5: Practical Experience and Capability Building - The articles stress the importance of practical experience in leadership development, advocating for leaders to engage in diverse roles and challenging environments to enhance their skills [9][10]. - CNPC is committed to providing its leaders with opportunities for hands-on experience to improve their ability to drive high-quality development [9][10]. Group 6: Creating a Supportive Environment - The articles discuss the need to foster a conducive environment for leadership within CNPC, emphasizing the importance of correct performance metrics and a supportive culture for innovation [10][11]. - The company is focused on establishing a robust assessment system that encourages leaders to prioritize value creation and long-term growth [11][12].

中银证券指出，化工板块估值处于历史低位，十二月份建议关注：1、低估值行业龙头公司；2、"反内 卷"对相关子行业供给端影响；3、自主可控日益关键背景下的电子材料公司与涨价背景下的部分新能源 材料公司。 石化ETF（159731）及其联接基金（017855/017856）紧密跟踪中证石化产业指数，从申万一级行业分 布来看，基础化工行业占比为60.39%，石油石化行业占比为32.71%，"反内卷"政策是石化产业核心主 线，行业供需与盈利能力有望持续改善。 每日经济新闻 截至12月3日11:10，石化ETF（159731）涨0.48%，持仓股杭氧股份、亚钾国际、万华化学、藏格矿业 等涨幅居前。从资金净流入方面来看，石化ETF近8天获得连续资金净流入，合计"吸金"2215万元；份 额方面，石化ETF最新份额达2.38亿份，创近1年新高。 12月1日，中国石油宣布，我国首套百千瓦级油气伴生废水电解制氢系统——100千瓦级油气伴生废水电 解制氢系统，在长庆苏里格气田成功投运，这标志着我国在油气废水"降污—制氢"全链条资源化利用领 域取得实质性突破。油气废水制氢系统的成功投运，是石化行业与新能源技术融合的典型案例。 ...

这件事说起来有点意思。前段时间我们看到国际能源市场上出现了一个有趣的现象：俄罗斯在美国制裁压力下频频降 低石油价格，试图吸引更多买家。但是我们的中石油集团在这个时候反而变得很谨慎，对采购计划进行了调整。很多 人不理解，为什么不趁着价格便宜的时候多买点呢？这背后到底是怎样的考量？我们今天就来好好聊聊这事儿。 要说清楚这个问题，得先理解俄罗斯现在的处境。从2025年开始，美国对俄罗斯石油实施了一系列制裁。特别是在1 月10日，美国财政部宣布对俄罗斯两家最大的石油天然气公司以及183艘油轮进行了制裁，这被美国官方称为"迄今为 止针对俄罗斯能源部门最为严厉的措施"。这个制裁政策瞄准的很清楚——切断俄罗斯通过能源出口获取美元收入的通 道。 制裁生效后，俄罗斯的石油出口立刻面临困境。一方面，运输成本大幅增加。美国对油轮的制裁导致了可用于运输俄 罗斯原油的船队严重缩水。根据国际能源网的报道，美国的制裁让俄石油出口的运输成本在短期内飙升了近50%。这 意味着什么呢？就是说，即便俄罗斯降低油价，但由于运输成本剧增，最终到达中国买家手中的成本并不像表面看起 来那么便宜。 受制裁影响，俄罗斯开始大幅降低石油售价，试图用"薄利多销" ...

Group 1 - The board of directors of China National Petroleum Corporation (CNPC) held its second temporary meeting of the ninth session on December 2, 2025, to discuss and approve the election of a new director [2][3][5] - The board recommended Mr. Zhou Song as a candidate for director, who has extensive experience in finance and management within the industry [4][8] - The proposal to elect the new director will be submitted to the shareholders' meeting for approval [6][11] Group 2 - The first temporary shareholders' meeting of 2025 is scheduled for December 18, 2025, with a share registration date that remains unchanged [10][13] - A temporary proposal regarding the election of a new director was submitted by the major shareholder, China National Petroleum Group, which holds 82.17% of the company's shares [10][11] - The voting for the shareholders' meeting will be conducted both on-site and through the Shanghai Stock Exchange's online voting system [12][14]

| 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 | | --- | --- | --- | --- | --- | | | （万股） | （港元） | （港元） | （万港元） | | 2025.12.02 | 120.00 | 4.550 | 4.450 | 541.76 | | 2025.12.01 | 112.80 | 4.460 | 4.410 | 500.16 | | 2025.11.28 | 925.00 | 4.480 | 4.400 | 4099.14 | | 2025.11.27 | 901.00 | 4.520 | 4.420 | 4027.65 | | 2025.11.26 1100.00 | | 4.440 | 4.410 | 4863.87 | | 2025.11.25 | 26.60 | 4.370 | 4.370 | 116.24 | | 2025.11.24 | 405.40 | 4.450 | 4.370 | 1778.61 | | 2025.11.21 | 825.00 | 4.560 | 4.420 | 3677.77 | | 2025.11.20 ...

中国石油化工股份(00386)发布公告，于2025年12月2日，该公司斥资541.76万港元回购120万股。 ...

Core Points - China Petroleum (601857) closed at 10.0 yuan on December 2, 2025, up 0.4% from the previous trading day, with a total market capitalization of 1,830.21 billion yuan [1] - The stock opened at 9.94 yuan, reached a high of 10.17 yuan, and a low of 9.92 yuan, with a trading volume of 1.112 billion yuan and a turnover rate of 0.07% [1] Company Announcement - China Petroleum announced that its major shareholder, China National Petroleum Corporation, which holds 82.17% of the shares, proposed a temporary motion regarding the election of company directors [1] - This motion was approved by the company's ninth board of directors during the second temporary meeting of 2025 [1] - The shareholders' meeting will be held on December 18, 2025, in Beijing, with online voting available during the trading hours and on internet platforms [1] - The agenda includes amendments to the company’s articles of association, the cancellation of the supervisory board, and the election of three directors [1]

( 在中華人民共和國註冊成立的股份有限公司 ) 本人/吾等 2 (股份代號: 857) 2025 年 12 月 18 日（星期四）2025 年第一次臨時股東會 之第二份代表委任表格 中 國 石 油 天 然 氣 股 份 有 限 公 司 PETROCHINA COMPANY LIMITED | 與本第二份代表委任表格有關之股 | | --- | | 份數目 1 | | 與本第二份代表委任表格有關之股 | | 份類別（A 股或 H 股）1 | 地址為 (須與股東名冊上所載的相同)乃中國石油天然氣股份有限公司（「本公司」）之股東，茲委任臨時股東 會（如下文定義）主席或 3 地址為 為本人/吾等之代表，代表本人/吾等出席於 2025 年 12 月 18 日（星期四）上午 9 時正在中國北京市朝陽 區北四環中路 8 號北京北辰五洲皇冠國際酒店舉行之本公司 2025 年第一次臨時股東會及其任何延期召 開的會議（「臨時股東會」），並按以下指示代表本人/吾等就日期為 2025 年 12 月 2 日的臨時股東會補 充通告（「補充通告」）所載之議案投票。若無指示，則本人/吾等之代表可自行酌情投票表決。 - 1 - 附註： 收集個人 ...

智通财经APP讯，中国石油股份(00857)发布公告，董事会建议选举及委任周松先生为董事。周松先生的委任须待本公司股东(股东)于本公司股东会上以普通 决议案审议通过后方可生效。 ...

智通财经APP讯，中国石油股份(00857)发布公告，董事会建议选举及委任周松先生为董事。周松先生的 委任须待本公司股东(股东)于本公司股东会上以普通决议案审议通过后方可生效。 ...