央视网消息：记者从中国石油获悉，我国最大页岩油生产基地——长庆油田页岩油累计产量突破2000万 吨，标志着我国陆相页岩油开发迈入规模化、效益化新阶段。 ...

记者今天从中国石油获悉，我国最大页岩油生产基地——长庆油田页岩油累计产量突破2000万吨，标志 着我国陆相页岩油开发迈入规模化、效益化新阶段。长庆油田从页岩油攻关起步到累产1000万吨用了12 年，而从1000万吨攀升至2000万吨仅用3年。目前，长庆油田页岩油产量占国内页岩油总产量的一半以 上，是全球首个实现规模效益开发的陆相页岩油田。 ...

Core Points - As of November 7, 2025, PetroChina (601857) closed at 9.71 yuan, a 6.12% increase from the previous week's 9.15 yuan [1] - The stock reached a nearly one-year high of 9.75 yuan during intraday trading on November 7, with a low of 9.16 yuan on November 3 [1] - PetroChina's current total market capitalization is 1,777.134 billion yuan, ranking 1st in the refining and trading sector and 8th among 5,166 A-shares [1] Company Announcements - The transfer of state-owned shares has been completed, with China Mobile Group acquiring a 0.30% stake in PetroChina [1] - China National Petroleum Corporation transferred 541,202,377 A-shares (0.30% of total share capital) to China Mobile Communications Group, approved by the State-owned Assets Supervision and Administration Commission [1] - Following the transfer, the direct shareholding of China National Petroleum Corporation decreased from 82.46% to 82.17%, with a combined holding of 82.33%; China Mobile Group now holds 0.30% directly and 0.39% including its subsidiaries [1] - This transfer will not result in a change of the controlling shareholder or actual controller of the company [1]

Group 1 - The article reports that Huo Jin, a senior management cadre of China National Petroleum Corporation (CNPC), is under investigation for serious violations of discipline and law [1] - The investigation is being conducted by the Central Commission for Discipline Inspection and the National Supervisory Commission, along with the Xi'an Municipal Supervisory Committee of Shaanxi Province [1]

Core Viewpoint - The company reported a decline in total revenue and net profit for the first three quarters of 2025, but showed resilience with a quarter-on-quarter growth in Q3, driven by stable oil and gas production and accelerated development in the renewable energy sector [1] Financial Performance - Total revenue for the first three quarters of 2025 was 21,692.56 billion yuan, a decrease of 3.92% year-on-year - Net profit attributable to shareholders was 1,262.79 billion yuan, down 4.90% year-on-year - Q3 revenue reached 7,191.57 billion yuan, an increase of 2.34% year-on-year and 3.18% quarter-on-quarter - Q3 net profit was 422.86 billion yuan, a decrease of 3.86% year-on-year but an increase of 13.71% quarter-on-quarter [1] Oil and Gas Production - The company achieved an oil and gas equivalent production of 1,377.2 million barrels in the first three quarters of 2025, a year-on-year increase of 2.6% - Crude oil production increased by 0.8% year-on-year, while marketable natural gas production rose by 4.6% - Unit operating costs for oil and gas decreased to 10.79 USD/barrel, down 6.1% from 11.49 USD/barrel in the previous year [2] Renewable Energy Growth - The renewable energy segment saw significant growth, with wind and solar power generation increasing by 72.2% - The company is strategically developing various renewable energy sources, including geothermal and hydrogen energy, to enhance production capabilities [2] Refining and Chemical Transformation - The refining business generated an operating profit of 14.453 billion yuan, up 22.68% year-on-year - The chemical business reported an operating profit of 1.787 billion yuan, a decrease of 17.12 billion yuan year-on-year - The company processed 1,040.6 million barrels of crude oil, a 0.4% increase, and chemical product output grew by 3.3% to 29.59 million tons [3] Natural Gas Sales Performance - Natural gas sales reached 218.541 billion cubic meters, a year-on-year increase of 4.2% - Domestic natural gas sales were 170.892 billion cubic meters, up 4.9% - The natural gas sales segment achieved revenue of 447.338 billion yuan, a 5.3% increase, with operating profit rising by 23.79% to 31.279 billion yuan [4] Valuation Outlook - Projected net profit attributable to shareholders for 2025-2027 is 1660.51 billion yuan, 1694.82 billion yuan, and 1727.05 billion yuan, respectively - Corresponding price-to-earnings ratios are estimated at 10.5x, 10.3x, and 10.1x, reflecting the company's competitive advantage across its entire industry chain [4]

Core Points - China Petroleum & Chemical Corporation (Sinopec) has been actively repurchasing its shares, with a total of 3.172 million shares bought back on November 7 at a price range of HKD 4.250 to HKD 4.300, amounting to HKD 13.57 million [1] - The stock closed at HKD 4.290 on the same day, reflecting a 0.94% increase, with a total trading volume of HKD 478 million [1] - Since October 30, the company has conducted share repurchases for seven consecutive days, totaling 26.324 million shares and a cumulative repurchase amount of HKD 110 million, with the stock rising 1.66% during this period [1] Repurchase Details - The company has executed 31 share repurchase transactions this year, totaling 215 million shares and a cumulative repurchase amount of HKD 982 million [1] - Detailed repurchase data includes: - November 7: 317.20 thousand shares at a maximum price of HKD 4.300 and a minimum price of HKD 4.250, totaling HKD 13.57 million [1] - November 6: 239.80 thousand shares at a maximum price of HKD 4.230 and a minimum price of HKD 4.200, totaling HKD 10.11 million [1] - November 5: 292.80 thousand shares at a maximum price of HKD 4.220 and a minimum price of HKD 4.170, totaling HKD 12.27 million [1] - November 4: 514.80 thousand shares at a maximum price of HKD 4.280 and a minimum price of HKD 4.200, totaling HKD 21.84 million [1] - November 3: 425.00 thousand shares at a maximum price of HKD 4.230 and a minimum price of HKD 4.150, totaling HKD 17.84 million [1] - November 2: 365.20 thousand shares at a maximum price of HKD 4.170 and a minimum price of HKD 4.110, totaling HKD 15.12 million [1] - October 30: 477.60 thousand shares at a maximum price of HKD 4.220 and a minimum price of HKD 4.100, totaling HKD 19.72 million [1]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) has been actively repurchasing its shares, indicating a strategy to enhance shareholder value and confidence in its stock performance [2] Summary by Category Share Buyback Activity - On November 7, Sinopec repurchased 3.172 million shares at a price range of HKD 4.250 to HKD 4.300, totaling HKD 13.5673 million [2] - The stock closed at HKD 4.290 on the same day, reflecting a 0.94% increase, with a total trading volume of HKD 478 million [2] - Since October 30, the company has conducted buybacks for seven consecutive days, acquiring a total of 26.324 million shares for a cumulative amount of HKD 110 million, with the stock rising 1.66% during this period [2] Year-to-Date Buyback Summary - Year-to-date, Sinopec has executed 31 buyback transactions, repurchasing a total of 215 million shares for a total expenditure of HKD 982 million [2] Detailed Buyback Data - A detailed table of buyback activities shows the number of shares repurchased, highest and lowest prices, and total amounts for each transaction, highlighting significant buyback days such as August 22, where 67.624 million shares were bought at a total cost of HKD 297.7214 million [2]

中央纪委国家监委网站11月7日通报，据中央纪委国家监委驻中国石油纪检监察组、陕西省纪委监委消 息：中国石油原党组管理干部霍进涉嫌严重违纪违法，目前正接受中央纪委国家监委驻中国石油纪检监 察组纪律审查和陕西省西安市监察委员会监察调查。 ...

中央纪委国家监委网站讯 据中央纪委国家监委驻中国石油纪检监察组、陕西省纪委监委消息：中国石 油原党组管理干部霍进涉嫌严重违纪违法，目前正接受中央纪委国家监委驻中国石油纪检监察组纪律审 查和陕西省西安市监察委员会监察调查。 （中央纪委国家监委驻中国石油纪检监察组、陕西省纪委监委） ...

Group 1 - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520990) closed up 0.65% on November 7, with a trading volume of 132 million yuan [1] - The fund was established on June 26, 2024, with a management fee of 0.50% per year and a custody fee of 0.10% per year [1] - As of November 6, 2024, the fund's latest share count was 5.043 billion shares, with a total size of 5.4 billion yuan, reflecting a year-to-date share increase of 34.62% and a size increase of 54.22% [1] Group 2 - The current fund managers are Gong Lili and Wang Yang, with returns of 24.24% and 9.92% respectively during their management periods [2] - The fund's top holdings include China Petroleum, China Mobile, China Shenhua, CNOOC, COSCO Shipping, Sinopec, China Telecom, China Unicom, China Coal Energy, and China Resources Land, with significant weightings in the portfolio [2][3] Group 3 - The top holdings and their respective portfolio weights are as follows: - China Petroleum: 10.88% - China Mobile: 10.33% - China Shenhua: 9.72% - CNOOC: 9.54% - COSCO Shipping: 8.43% - Sinopec: 7.42% - China Telecom: 4.54% - China Unicom: 3.45% - China Coal Energy: 2.59% - China Resources Land: 2.23% [3]