Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company reported a revenue of 753.11 billion yuan for Q1 2025, a decrease of 7.34% year-on-year. However, the total profit reached 66.84 billion yuan, an increase of 0.99%, and the net profit attributable to shareholders was 46.81 billion yuan, up by 2.27% [2][6]. - The oil and gas production slightly increased, coupled with cost reduction and efficiency improvements, leading to a resilient performance despite falling oil prices. The oil and gas and new energy sectors showed growth, while refining and chemical businesses faced pressure due to reduced market demand [2][11]. - The company emphasized shareholder returns, planning to distribute approximately 86 billion yuan in dividends for 2024, marking a historical high for the same period. Additionally, the controlling shareholder announced a plan to increase holdings in the company, reflecting confidence in its future [11]. Summary by Sections Financial Performance - In Q1 2025, the company achieved an oil and gas equivalent production of 467 million barrels, a year-on-year increase of 0.7%. Domestic production rose by 1.2% to 418.1 million barrels, while overseas production fell by 3.4% to 48.9 million barrels. The unit operating cost for oil and gas was 9.76 USD/barrel, down by 6.0% year-on-year [11]. - The average Brent crude futures price was 74.98 USD/barrel, a decrease of 8.3% year-on-year, while the company's realized oil price was 70.0 USD/barrel, down by 7.2% [11]. - The refining and chemical sectors processed 337.3 million barrels of crude oil, a decline of 4.7%, and produced 28.57 million tons of refined oil, down by 6.3% [11]. Natural Gas Sales - The natural gas sales business saw a volume of 86.44 billion cubic meters, an increase of 3.7% year-on-year, with domestic sales rising by 4.2% to 69.91 billion cubic meters. The operating profit from natural gas sales was 13.51 billion yuan, up by 9.7% [11]. Shareholder Returns - The company plans to distribute dividends of approximately 86 billion yuan for 2024, corresponding to a dividend payout ratio of 52.2%, which is a historical high for the same period. The controlling shareholder's plan to increase holdings in the company reflects confidence in its future performance [11].

Group 1 - The core point of the article is that China National Petroleum Corporation (CNPC) has applied for a patent for a method and system for optimizing oil and gas exploration rights based on mineral rights big data, which aims to enhance resource discovery and utilization while protecting quality mineral rights [1] Group 2 - CNPC was established in 1999 and is primarily engaged in gas production and supply, with a registered capital of 18,302,097,000 RMB [2] - The company has invested in 1,279 enterprises and participated in 508 bidding projects, holding 33 trademark records and 5,000 patent records, along with 168 administrative licenses [2]

来源：金融界 天眼查资料显示，中国石油天然气股份有限公司，成立于1999年，位于北京市，是一家以从事燃气生产 和供应业为主的企业。企业注册资本18302097万人民币。通过天眼查大数据分析，中国石油天然气股份 有限公司共对外投资了1279家企业，参与招投标项目508次，财产线索方面有商标信息33条，专利信息 5000条，此外企业还拥有行政许可168个。 金融界2025年5月5日消息，国家知识产权局信息显示，中国石油天然气股份有限公司申请一项名为"一 种石油业务概念模型建模方法、系统、设备及介质"的专利，公开号CN119919021A，申请日期为2023 年10月。 专利摘要显示，本发明提供一种石油业务概念模型建模方法、系统、设备及介质，包括以下步骤：将石 油业务场景按业务活动类别逐级细分直至得到多个最小业务单元；针对多个最小业务单元的核心数据资 源要素进行预处理，得到业务场景概念模型框架；将多个最小业务单元对应的核心要素信息资源进行整 合优化，并将整合优化的结果作为业务场景概念模型框架中对应的最小业务单元属性数据，生成石油业 务概念模型；本申请将选取的石油业务按分类体系划分成许许多多最小业务单元，将这些最小业 ...

Group 1 - The State Intellectual Property Office of China has published a patent application by China National Petroleum Corporation (CNPC) for a device and method for producing polyester polyols, indicating innovation in the production process [1] - The patent, published under CN119897054A, was applied for on October 2023 and aims to enhance the mixing effect during the pre-esterification stage of polyester polyol production while reducing equipment investment and energy consumption [1] - The device includes a cylindrical body with various inlets and outlets for raw materials and protective gases, allowing for a more efficient production process [1] Group 2 - China National Petroleum Corporation, established in 1999 and based in Beijing, primarily engages in gas production and supply, with a registered capital of approximately 18.3 billion RMB [2] - The company has made investments in 1,279 enterprises and participated in 508 bidding projects, showcasing its extensive involvement in the industry [2] - CNPC holds 33 trademark registrations and 5,000 patent records, along with 168 administrative licenses, reflecting its significant intellectual property portfolio [2]

Core Viewpoint - The article emphasizes the importance of energy security for China's economic and social development, highlighting the need for self-reliance in energy supply and the role of China National Petroleum Corporation (CNPC) as a key player in ensuring energy security [3][4]. Group 1: Enhancing Domestic Supply Capacity - China is the world's largest energy producer and consumer, with projected 2024 domestic crude oil production of 213 million tons and consumption of 756 million tons, alongside natural gas production of 246.4 billion cubic meters and consumption of 426.05 billion cubic meters [4]. - CNPC is committed to increasing oil and gas exploration and production, aiming for over 200 million tons of oil and gas equivalent production in 2024, contributing significantly to national output [4]. - Major breakthroughs in oil and gas exploration are expected in key regions like Ordos and Tarim, with Daqing Oilfield achieving cumulative crude oil production of over 2.5 billion tons [4]. Group 2: Innovation in Technology and Development of Unconventional Resources - CNPC is focusing on the development of unconventional oil and gas resources, enhancing geological theories and exploration technologies [5]. - The company successfully launched the world's first deep coalbed methane well in 2023, marking a significant advancement in deep coalbed gas development [5]. - In 2024, CNPC plans to increase renewable energy capacity, with new wind and solar installations expected to reach 5.04 million kilowatts, generating 4.8 billion kilowatt-hours of green electricity, a 120% increase [7]. Group 3: Strengthening International Energy Cooperation - CNPC is actively participating in global energy governance and enhancing its international operations, with oil and gas projects in over 120 countries [9]. - The company has produced over 1.45 billion tons of oil and gas equivalent overseas since 2000, with trade volumes exceeding 7.1 billion tons [9]. - CNPC aims to build a tight-knit energy cooperation community through initiatives like the Belt and Road Energy Cooperation Roundtable [10]. Group 4: Strengthening Energy Technology Innovation - The company prioritizes technological innovation as a core element for developing new productive forces, focusing on key areas such as oil and gas exploration and renewable energy [11]. - CNPC has achieved significant technological breakthroughs, including the development of a 12,000-meter automated drilling rig and advanced seismic exploration technologies [12][16]. - The company is also investing in emerging industries and future industries, including carbon capture and utilization technologies [14]. Group 5: Deepening System and Mechanism Reforms - CNPC is committed to deepening reforms to enhance its operational efficiency and governance, aiming to become a world-class energy enterprise [18]. - The company has implemented a series of reforms to optimize its organizational structure and improve operational efficiency [19]. - CNPC's strategic goals include high-quality development and compliance with legal and regulatory frameworks, ensuring sustainable growth [20].

北京石油机械有限公司，成立于1955年，位于北京市，是一家以从事专用设备制造业为主的企业。企业 注册资本42450.136611万人民币。通过天眼查大数据分析，北京石油机械有限公司共对外投资了3家企 业，参与招投标项目642次，财产线索方面有商标信息20条，专利信息923条，此外企业还拥有行政许可 223个。 中国石油集团昆仑制造有限公司，成立于2023年，位于石家庄市，是一家以从事石油、煤炭及其他燃料 加工业为主的企业。企业注册资本580000万人民币。通过天眼查大数据分析，中国石油集团昆仑制造有 限公司共对外投资了6家企业，参与招投标项目10次，专利信息26条。 中国石油集团长城钻探工程有限公司，成立于2008年，位于北京市，是一家以从事专业技术服务业为主 的企业。企业注册资本2770000万人民币。通过天眼查大数据分析，中国石油集团长城钻探工程有限公 司共对外投资了3家企业，参与招投标项目5000次，财产线索方面有商标信息16条，专利信息1696条， 此外企业还拥有行政许可21个。 金融界2025年5月3日消息，国家知识产权局信息显示，中国石油天然气集团有限公司申请一项名为"一 种顶驱协议转换装置及方法 ...

Group 1 - The core point of the article is that China National Petroleum Corporation (CNPC) has applied for a patent for a method and system based on tomography inversion for comprehensive interpretation of low measurement data in the field of oil and gas seismic exploration [1] - The patent application was filed on October 2023, and the public announcement number is CN119902267A [1] - The method integrates the advantages of high precision in shallow layer tomography inversion and stability in conventional interpretation methods for deep layers, improving the accuracy and stability of low measurement data interpretation [1] Group 2 - CNPC was established in 1999 and is primarily engaged in gas production and supply, with a registered capital of 18,302,097,000 RMB [2] - The company has invested in 1,280 enterprises and participated in 508 bidding projects, holding 33 trademark records and 5,000 patent records [2] - Additionally, CNPC possesses 168 administrative licenses [2]

香港交易所信息显示， 贝莱德（BlackRock）在 中国石油化工股份的持股比例于04月28日从5.98%升至 6.34%。 ...

Group 1 - The conference focused on the integration of education, technology, and talent development in the energy sector, aiming to enhance collaboration among government, academia, and industry [3][4] - The event was attended by over 50 representatives from nearly 20 subsidiaries of major oil companies and 12 petroleum universities, indicating strong industry participation [1][3] - The conference introduced a "one award, two competitions" system to promote excellence in petroleum higher education, reflecting a commitment to innovation and development in the sector [3] Group 2 - The Vice President of Human Resources at China National Petroleum Corporation emphasized the importance of aligning educational initiatives with national education goals [3] - The President of China University of Petroleum (Beijing) highlighted the need for deep integration of educational resources and industry demands to create a benchmark for talent development in the energy sector [3] - The Deputy District Mayor of Changping District expressed the hope for enhanced collaboration between energy companies and universities to support high-quality development and contribute to Beijing's international technology innovation center [3]

金融界2025年5月2日消息，国家知识产权局信息显示，中国石油天然气管道工程有限公司、中国石油天 然气集团有限公司、中国石油管道局工程有限公司申请一项名为"一种加氢站选址方法及系统"的专利， 公开号 CN119886590A ，申请日期为 2023 年 10 月。 专利摘要显示，本发明属于氢能源领域，具体涉及一种加氢站选址方法及系统，旨在解决现有加氢站选 址方法鲁棒性较差的问题。本发明包括：获取选址方案；构建加氢站选址评价模型；确定不同加氢站选 址方案的收益值；将加氢价格与周边柴油、汽油、电能等能源同热值比价进行方案验证，否则重新确定 新的选址方案。本发明有效提高了加氢站选址方法的鲁棒性。相对于传统基于加气站/加油站网络或者 在氢能源汽车经常出现区域附近进行选址的方法，本发明提供的加氢站选址方法专门针对实际氢气的需 求；并且在对比不同加氢站选址方案时，可兼顾加氢与加氢合建站、站外供氢与站内制氢以及不同加氢 量的差异，从而在加氢站选址中具有非常高的应用价值。 天眼查资料显示，中国石油天然气管道工程有限公司，成立于1995年，位于廊坊市，是一家以从事专业 技术服务业为主的企业。企业注册资本6000万人民币。通过天 ...