证券代码：600938 证券简称：中国海油 公告编号：2023-021 中国海洋石油有限公司 表决结果：9 票赞成，0 票反对，0 票弃权。 2023 年第四次董事会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 中国海洋石油有限公司（以下简称"公司"）于 2023 年 8 月 17 日召开 2023 年第四次董事会。本次董事会的会议通知及议案已于 2023 年 7 月 24 日发送给公 司全体董事。本次会议应出席董事 9 人，实际出席董事 9 人。会议由董事长汪东 进先生主持。会议的召集、召开、表决程序符合有关法律法规及《中国海洋石油 有限公司组织章程细则》的相关规定，合法、有效。 二、董事会审议情况 （一）审议通过《关于公司中期业绩及半年度报告的议案》 具体内容详见公司于上海证券交易所网站（www.sse.com.cn）披露的《中国 海洋石油有限公司 2023 年半年度报告》及其摘要。 表决结果：9 票赞成，0 票反对，0 票弃权。 （二）审议通过《关于中期股息分配方案的议案》 具体内容详 ...

Financial Performance - Net oil and gas production reached 331.8 million barrels of oil equivalent, an increase of 8.9% compared to the same period last year[2]. - Oil and gas sales revenue was RMB 151.69 billion, a decrease of 14.1% year-on-year[2]. - Net profit attributable to shareholders was RMB 63.76 billion, down 11.3% from the previous year[2]. - Basic and diluted earnings per share were RMB 1.34, reflecting a decline of 14.7%[2]. - Total comprehensive income for the six months ended June 30, 2023, was RMB 71,146 million, a decrease of 14.3% from RMB 83,045 million in 2022[8]. - Basic and diluted earnings per share for the period were RMB 1.34, down from RMB 1.57 in the previous year, representing a decline of 14.6%[8]. - The exploration and production segment reported a profit of RMB 61,004 million for the six months ended June 30, 2023, down from RMB 70,332 million in the same period of 2022, reflecting a decrease of about 13.3%[15]. - Oil and gas sales revenue for the six months ended June 30, 2023, was RMB 156,686 million, a decrease from RMB 180,620 million in the same period of 2022, representing a decline of approximately 13.2%[15]. Dividends - Interim dividend declared at HKD 0.59 per share, a decrease of 15.7%[2]. - The board declared an interim dividend of HKD 0.59 per share on August 17, 2023, compared to HKD 0.70 per share for the same period in 2022, reflecting a decrease of approximately 15.7%[20]. - The company will withhold a 10% corporate income tax on the interim dividend for non-resident enterprises, effective for shareholders listed on the register as of September 15, 2023[35]. - The interim dividend distribution will be in HKD for Hong Kong shares and in RMB for A-shares, with the exchange rate based on the average midpoint rate published by the People's Bank of China[34]. - Shareholders must submit relevant documents by September 8, 2023, to avoid withholding tax on the interim dividend[35]. - The company is recognized as a resident enterprise in China and is obligated to withhold taxes for non-resident shareholders[35]. - The board of directors has authorized the interim dividend distribution based on the company's operating performance, financial condition, and cash flow[34]. Assets and Liabilities - Non-current assets increased to RMB 728,785 million as of June 30, 2023, compared to RMB 664,352 million at the end of 2022, reflecting a growth of 9.7%[9]. - Current assets totaled RMB 270,289 million, slightly up from RMB 264,679 million, indicating a growth of 2.0%[9]. - Total liabilities increased to RMB 361,348 million, up from RMB 330,648 million, marking an increase of 9.3%[9]. - Net assets rose to RMB 637,726 million, compared to RMB 598,383 million at the end of 2022, showing an increase of 6.6%[9]. - Cash and cash equivalents increased significantly to RMB 114,065 million from RMB 85,633 million, a rise of 33.2%[9]. - The total liabilities for the company as of June 30, 2023, were RMB (361,348) million, compared to RMB (330,648) million as of December 31, 2022, indicating an increase in liabilities[15]. - Total assets for the company as of June 30, 2023, were RMB 999,074 million, an increase from RMB 929,031 million as of December 31, 2022, representing an increase of approximately 7.5%[15]. Exploration and Innovation - Significant progress in exploration with new discoveries in the Panyu 10-6 and Kaiping 18-1 fields in China[3]. - Successful production commencement at the Buzios 5 oil field in Brazil, contributing to new production growth[4]. - The company is focusing on technological innovation, including the construction of the world's first ultra-deepwater platform with remote control production capabilities[4]. - Positive developments in renewable energy, with successful grid connection of offshore wind power projects[4]. Corporate Governance and Structure - The company complied with all code provisions set out in the Corporate Governance Code during the six months ended June 30, 2023[30]. - Changes in the board of directors included the appointment of a new president effective June 30, 2023[33]. - The board consists of both executive and non-executive directors, ensuring a diverse governance structure[36]. - The audit committee reviewed the interim results for the six months ended June 30, 2023, which were unaudited[27]. Shareholder Information - The company is applying to establish a RMB counter on the Hong Kong Stock Exchange to enhance investment flexibility for shareholders[4]. - The company will close the Hong Kong share register from September 11 to September 15, 2023, for dividend eligibility[34]. - The company will not be liable for any disputes arising from the identification of Hong Kong shareholders for tax withholding purposes[36]. Financial Costs and Investments - The company recognized a financial cost of approximately RMB 1,428 million for the six months ended June 30, 2023, slightly up from RMB 1,419 million in the same period of 2022[17]. - The company’s investment in joint ventures increased to RMB 28,556 million, up from RMB 27,942 million, reflecting a growth of 2.2%[9]. - The company’s total equity attributable to shareholders increased to RMB 636,537 million from RMB 597,182 million, an increase of 6.6%[9]. - The company repaid bonds totaling USD 2,000 million with a coupon rate of 3.000% and USD 450 million with a coupon rate of 3.75% during the six months ended June 30, 2023[23]. - The company repurchased and canceled 70,692,000 shares at a total consideration of HKD 693 million, equivalent to approximately RMB 623 million[25]. - CNOOC Petroleum North America ULC repurchased bonds totaling USD 27,824,000, representing 6.45% of the total bond amount issued[29].

证券代码：600938 证券简称：中国海油 公告编号：2023-020 中国海洋石油有限公司 关于召开 2023 年半年度业绩说明会的公告 （一） 会议时间：2023 年 08 月 18 日（星期五）下午 17:00-18:00 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2023 年 08 月 11 日(星期五)至 08 月 17 日(星期四)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@cnooc.com.cn 进行提问。 中国海洋石油有限公司（以下简称"公司"）将于 2023 年 08 月 17 日闭市 后发布公司 2023 年半年度报告。为便于广大投资者更全面深入地了解公司 2023 年上半年经营成果和财务状况，公司计划于 2023 年 08 月 18 日下午 17:00-18:00 举行 2023 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说明会以网络直播、电话会议和网络互动形式召开，公司将针对 2023 年上半年 ...

Financial Performance - The company's operating revenue for Q1 2023 was RMB 97,711 million, representing a 7.5% increase compared to RMB 90,898 million in Q1 2022[8] - The net profit attributable to shareholders for Q1 2023 was RMB 32,113 million, showing a decrease of 6.38% from the previous year[13] - The company's oil and gas sales revenue reached approximately RMB 74.2 billion, a decrease of 9.9% year-on-year, primarily due to lower realized prices despite increased sales volume[35] - The net profit attributable to shareholders was RMB 32.11 billion, down 6.4% year-on-year[35] - Total operating revenue for Q1 2023 reached 97,711 million, an increase of 7.9% compared to 90,898 million in Q1 2022[43] - Net profit for Q1 2023 was 32,109 million, a decrease of 6.4% from 34,300 million in Q1 2022[46] - Basic earnings per share for Q1 2023 were 0.68, down from 0.77 in Q1 2022, a decrease of 11.7%[49] Sales and Production - Oil and gas sales revenue decreased by 9.9% to RMB 74,196 million, with oil liquid sales down by 13.6% to RMB 63,283 million, while natural gas sales increased by 19.9% to RMB 10,913 million[8] - In Q1 2023, the company achieved a total net production of 163.9 million barrels of oil equivalent, an increase of 8.6% year-on-year[34] - Domestic net production was 115.3 million barrels of oil equivalent, up 5.5% year-on-year, mainly due to contributions from new projects[34] - Overseas net production reached 48.6 million barrels of oil equivalent, an increase of 16.6% year-on-year, primarily from increased output in Guyana and Brazil[34] Capital Expenditures and Investments - Capital expenditures for exploration and development increased significantly, with exploration costs rising by 26.9% to RMB 4,919 million and development costs up by 78.1% to RMB 15,804 million[8] - Capital expenditures for the quarter were approximately RMB 24.74 billion, an increase of 46.1% year-on-year, driven by increased exploration and ongoing project work[35] - The company made 2 new discoveries and successfully evaluated 6 oil and gas structures during the quarter, with new projects on track for production within the year[34] Cash Flow and Assets - The net cash flow from operating activities increased by 31.84% to RMB 51,968 million, attributed to higher cash inflows from oil and gas sales[17] - Cash flow from operating activities for Q1 2023 was 51,968 million, compared to 39,416 million in Q1 2022, representing a 31.9% increase[50] - Total assets at the end of Q1 2023 were RMB 961,159 million, reflecting a 3.46% increase from RMB 929,031 million at the end of the previous year[5] - Current assets totaled 292,285 million as of March 31, 2023, an increase of 10.5% from 264,679 million at the end of 2022[42] - The company reported a significant increase in cash and cash equivalents, rising to 142,271 million from 121,387 million, a growth of 17.2%[42] Equity and Liabilities - The equity attributable to shareholders increased by 4.78% to RMB 625,740 million compared to RMB 597,182 million at the end of the previous year[5] - The company's total liabilities amounted to RMB 334.22 billion, compared to RMB 330.65 billion in the previous period[32] - The total equity attributable to shareholders was RMB 625.74 billion, up from RMB 597.18 billion in the previous period[32] - The company's total liabilities increased to 236,103 million as of March 31, 2023, compared to 233,678 million at the end of 2022, a rise of 1.8%[42] Pricing and Market Conditions - The average realized price for oil liquids decreased by 23.9% to USD 74.17 per barrel, while the average price for natural gas remained relatively stable at USD 8.33 per thousand cubic feet[8] - The average realized oil price was $74.17 per barrel, a decrease of 23.9% year-on-year, while the average realized gas price remained stable at $8.33 per thousand cubic feet[35] Research and Development - The company’s research and development expenses for Q1 2023 were 351 million, up from 225 million in Q1 2022, reflecting a 56.0% increase[43]

Financial Performance - The company's operating revenue for Q1 2023 was RMB 97,711 million, representing a 7.5% increase compared to the same period last year[2]. - Net profit attributable to shareholders decreased by 6.38% to RMB 32,113 million, while the net profit excluding non-recurring gains and losses was RMB 31,460 million, down 7.45%[2]. - Operating profit for Q1 2023 was RMB 43,347 million, a decrease of 3.6% from RMB 45,954 million in Q1 2022[15]. - Net profit attributable to shareholders for Q1 2023 was RMB 32,113 million, down from RMB 34,301 million in Q1 2022, representing a decline of 6.4%[16]. - Basic and diluted earnings per share for Q1 2023 were both RMB 0.68, down from RMB 0.77 in Q1 2022[17]. Revenue and Sales - The company reported a decrease in oil and gas sales revenue to RMB 74,196 million, down 9.9% year-on-year, with liquid petroleum sales dropping by 13.6%[6]. - The company's unaudited oil and gas sales revenue for Q1 2023 was approximately RMB 74.2 billion, a decrease of 9.9% year-on-year due to lower realized prices despite increased sales volume[10]. - The average realized price for liquid petroleum was USD 74.17 per barrel, a decrease of 23.9% from the previous year[6]. - The average realized price for natural gas was USD 8.33 per thousand cubic feet, showing a slight decrease of 0.2% year-on-year[6]. Production and Exploration - In Q1 2023, the company's total net production reached 163.9 million barrels of oil equivalent, an increase of 8.6% year-on-year[10]. - Domestic net production was 115.3 million barrels of oil equivalent, up 5.5% year-on-year, primarily due to contributions from new projects[10]. - International net production rose to 48.6 million barrels of oil equivalent, a 16.6% increase year-on-year, driven by production increases in Guyana and Brazil[10]. - The company achieved two new discoveries and successfully evaluated six oil and gas structures in Q1 2023[10]. - The company plans to advance new projects smoothly for production within the year[10]. Assets and Liabilities - Total assets at the end of Q1 2023 were RMB 961,159 million, a 3.46% increase from the end of the previous year[2]. - Total liabilities as of March 31, 2023, were RMB 334,222 million, slightly up from RMB 330,648 million at the end of 2022[14]. - The total equity attributable to shareholders increased by 4.78% to RMB 625,740 million from RMB 597,182 million at the end of the previous year[2]. - The total equity attributable to shareholders increased to RMB 625,740 million as of March 31, 2023, from RMB 597,182 million at the end of 2022, reflecting a growth of 4.7%[14]. Cash Flow - The net cash flow from operating activities increased significantly by 31.84% to RMB 51,968 million, driven by higher cash inflows from oil and gas sales[4]. - In Q1 2023, the cash inflow from operating activities was RMB 103,925 million, an increase of 26.2% compared to RMB 82,416 million in Q1 2022[18]. - The net cash flow from operating activities for Q1 2023 was RMB 51,968 million, up 31.8% from RMB 39,416 million in Q1 2022[18]. - Cash outflow from investment activities in Q1 2023 was RMB 67,622 million, significantly higher than RMB 43,219 million in Q1 2022, resulting in a net cash flow from investment activities of RMB -42,935 million[19]. - The cash received from sales of goods and services in Q1 2023 was RMB 103,753 million, a rise from RMB 82,180 million in Q1 2022[18]. Capital Expenditures - Capital expenditures for Q1 2023 totaled RMB 24,736 million, a substantial increase of 46.1% compared to RMB 16,931 million in the same period last year[6]. - Capital expenditures for Q1 2023 were approximately RMB 24.74 billion, an increase of 46.1% year-on-year due to increased exploration and project work[10]. Research and Development - Research and development expenses for Q1 2023 were RMB 351 million, up from RMB 225 million in Q1 2022, indicating a 56% increase[15]. Other Financial Metrics - The company had a weighted average return on equity of 5.25%, down 1.64 percentage points compared to the previous year[2]. - The company reported a decrease in other comprehensive income, with a net amount of RMB -3,560 million in Q1 2023 compared to RMB 18 million in Q1 2022[16]. - Cash and cash equivalents increased to RMB 142,271 million as of March 31, 2023, compared to RMB 121,387 million at the end of 2022, reflecting a growth of 17.2%[14]. - The ending balance of cash and cash equivalents as of Q1 2023 was RMB 92,600 million, compared to RMB 57,497 million at the end of Q1 2022[19].

Financial Performance - Total revenue for the year 2022 reached 422,230 million, a significant increase from 246,111 million in 2021, representing a growth of approximately 71.5%[11]. - Net profit for 2022 was 141,677 million, up from 70,307 million in 2021, indicating an increase of about 101.5%[11]. - Total assets as of December 31, 2022, amounted to 929,031 million, compared to 786,569 million in 2021, reflecting a growth of approximately 18.1%[12]. - Current assets increased to 264,679 million in 2022 from 207,982 million in 2021, marking a rise of about 27.2%[12]. - Total liabilities for 2022 were 330,648 million, up from 304,593 million in 2021, which is an increase of approximately 8.5%[12]. - The company's equity rose to 598,383 million in 2022, compared to 481,976 million in 2021, representing an increase of about 24.2%[12]. - The company reported a pre-tax profit of 194,770 million for 2022, compared to 95,821 million in 2021, showing an increase of approximately 103.4%[11]. - The total expenses for 2022 were 228,905 million, up from 150,132 million in 2021, indicating an increase of about 52.3%[11]. - Investment income for 2022 was 2,058 million, a decrease from 2,850 million in 2021, reflecting a decline of approximately 28%[11]. - The company's share of profits from joint ventures and associates increased to 1,911 million in 2022, compared to 346 million in 2021, representing a growth of about 451.2%[11]. Production and Reserves - As of December 31, 2022, the company had net proven reserves of approximately 6.24 billion barrels of oil equivalent and an average daily net production of about 1,709,175 barrels of oil equivalent[5]. - The company operates in key areas including the Bohai Sea, western South China Sea, eastern South China Sea, and East China Sea, with assets distributed across Asia, Africa, North America, South America, Oceania, and Europe[5]. - In 2022, the net production of oil liquids reached 1,311,836 barrels per day, an increase of 8.3% from 1,211,111 barrels per day in 2021[13]. - Natural gas net production in 2022 was 1,554.5 million cubic feet per day, up 19.6% from 1,299.7 million cubic feet per day in 2021[13]. - The total net production (in barrel of oil equivalent per day) for 2022 was 1,709,175, representing a growth of 8.9% compared to 1,569,560 in 2021[13]. - The reserve replacement ratio reached 182%, with a stable reserve life of over 10 years[16]. - The company made 18 commercial discoveries throughout the year, significantly enhancing its exploration results[16]. - The company achieved a record net production of 624 million barrels of oil equivalent, marking a historical high[16]. Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.75 per share (tax included) for the year ended December 31, 2022, in addition to an interim dividend of HKD 0.70 per share, totaling HKD 1.45 per share (tax included) for the year[2]. - The company maintains a dividend payout policy with a minimum payout ratio of 40% from 2022 to 2024, with an absolute dividend value not less than HKD 0.70 per share (including tax) regardless of operational performance[171]. - The dividend distribution policy was approved at a special shareholders' meeting on October 26, 2021, ensuring shareholder returns based on future earnings, capital requirements, and financial conditions[171]. - The company emphasizes shareholder returns and adheres strictly to its profit distribution policy, with independent non-executive directors actively involved in the decision-making process regarding dividends[171]. Environmental and Sustainability Initiatives - The company is committed to low-carbon development and technological advancements in its operations[4]. - The company is advancing its green and low-carbon transformation, focusing on clean production of oil and gas[16]. - The company has initiated a "carbon peak and carbon neutrality" action plan, focusing on energy conservation and emission reduction[199]. - The company implements strict energy-saving and carbon emission assessments for oil and gas field investment projects to ensure compliance from the project inception[199]. - The company aims for "increased production without increased pollution" or "increased production with reduced pollution" in its projects[199]. - A special fund for environmental protection is established from the disposal costs to restore marine ecological environments[199]. - The company has published its 2022 Environmental, Social, and Governance report, detailing significant environmental issues affecting business performance and future development[200]. Governance and Risk Management - The company has established a comprehensive risk management mechanism to identify, prevent, and report significant risks in a timely manner[109]. - The board of directors receives biannual reports on risk management and internal control, ensuring that all significant risks are addressed[83]. - The company has implemented a risk management and internal control system aligned with its strategic goals, utilizing ISO 31000:2018 guidelines and COSO frameworks[81]. - The company employs independent technical consultants to audit its oil and gas business, with details disclosed in the annual report[142]. - The company has established procedures for identifying, handling, and disclosing insider information to prevent improper handling of sensitive information[144]. - The company has established a unified compliance complaint channel for employees and other stakeholders to report any misconduct anonymously[146]. Corporate Governance - The company has a high standard of corporate governance, ensuring transparency and protecting the interests of all shareholders[111]. - The board consists of 11 members, including 2 executive directors, 4 non-executive directors, and 5 independent non-executive directors as of December 31, 2022[114]. - The independent non-executive directors account for nearly half of the board, exceeding the requirement of at least one-third as per the listing rules[116]. - The board regularly reviews its diversity policy and considers various factors, including cultural background and diverse perspectives, when selecting candidates[116]. - The company has established policies to avoid potential conflicts of interest, ensuring objective decision-making by the board[117]. - The company has implemented a Code of Ethics to guide directors and senior management on legal and ethical conduct, with the latest version adopted in August 2022[165]. Strategic Initiatives and Future Outlook - The company plans to continue enhancing its international competitiveness and expanding its production capacity in 2023[18]. - The company aims to enhance oil and gas reserves and production through exploration and value-driven acquisitions, while actively expanding its natural gas business[112]. - The company plans to achieve a net production target of 650-660 million barrels of oil equivalent in 2023, with over 50 projects under construction[29]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 10 billion RMB[187]. - The management team emphasized the importance of sustainability initiatives, committing to invest 1 billion RMB in green technologies[190].

Financial Performance - In 2022, the company achieved a record high operating revenue of 422,230 million, representing a 72% increase compared to 246,111 million in 2021[51]. - The net profit attributable to shareholders reached 141,700 million, a 102% increase from 70,320 million in 2021[51]. - The company reported a cash flow from operating activities of 205,574 million, up 39% from 147,893 million in 2021[51]. - In 2022, the company achieved a record net profit of RMB 141.7 billion, representing a 101.5% increase year-over-year[65]. - Oil and gas sales revenue reached RMB 353 billion, driven by high oil prices and increased production[65]. Production and Reserves - Net oil liquid production in China increased from 705,366 barrels per day in 2018 to 921,130 barrels per day in 2022, representing a growth of approximately 30.6%[29]. - Total net production (barrel of oil equivalent per day) rose from 1,243,357 in 2018 to 1,652,718 in 2022, reflecting an increase of about 32.8%[30]. - Natural gas net production in China grew from 834.8 million cubic feet per day in 2018 to 1,554.5 million cubic feet per day in 2022, marking an increase of approximately 86.1%[29]. - Proven oil reserves in China reached 2,280.4 million barrels by the end of 2022, up from 1,783.2 million barrels in 2018, indicating a growth of approximately 27.8%[30]. - The company reported a total net production of 1,709,175 barrel of oil equivalent per day in 2022, up from 1,301,438 in 2018, representing a growth of about 31.3%[30]. Exploration and Discoveries - The company completed 224 exploration wells in China, resulting in 18 new discoveries and the successful evaluation of 28 oil and gas structures[64][69]. - The exploration replacement ratio was 182%, with a reserve life of 10.0 years, ensuring sustainable resource development[68]. - The company achieved a significant breakthrough in offshore shale oil exploration with the successful fracturing test of the first offshore shale oil well[113]. - The company achieved a significant breakthrough in the Bohai Sea with the discovery of over 100 million tons of proven oil geological reserves in the Bohai Zhong 26-6 area, marking the largest proven reserve scale for metamorphic rock potential oil fields in China[136]. Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.75 per share (tax included) for the year ended December 31, 2022, totaling HKD 1.45 per share including the interim dividend[7]. - The board proposed a final dividend of 0.75 HKD per share for the year-end 2022[36]. Technological Advancements and R&D - The company successfully installed Asia's first deepwater jacket platform, enhancing its technological capabilities[66]. - The company increased its R&D investment by 22% in 2022, focusing on marine oil and gas exploration and energy transition technologies[174]. - The company’s first offshore carbon capture and storage (CCS) facility was installed at the Enping 15-1 production platform, marking a significant step in its low-carbon development strategy[181]. Sustainability and Low-Carbon Development - The company emphasizes its commitment to low-carbon development and risk management in its operations[17]. - The company plans to continue promoting green development and the integration of oil and gas with renewable energy[61][89]. - The company has established a new energy subsidiary and expanded its operations in regions such as Hainan, Guangdong, and Fujian, enhancing its management structure for renewable energy[178]. International Operations - As of the end of 2022, overseas oil and gas assets accounted for approximately 47.2% of the company's total oil and gas assets[40]. - In Africa, the company's reserves and production reached 88.3 million barrels of oil equivalent and 75,647 barrels of oil equivalent per day, respectively, as of the end of 2022[124]. - As of the end of 2022, South America became the largest region for the company's overseas oil and gas production, with reserves and production reaching 1,024.0 million barrels of oil equivalent and 145,677 barrels of oil equivalent per day, accounting for approximately 16.4% and 8.5% of the company's total reserves and production, respectively[158].

Financial Performance - The company reported a net profit of RMB 141.7 billion, marking a significant increase from RMB 70.3 billion in 2021[4]. - CNOOC's oil and gas sales revenue reached RMB 352.96 billion, up from RMB 222.13 billion in the previous year, representing a growth of 58.8%[4]. - CNOOC's total revenue for 2022 was RMB 422.23 billion, a significant increase from RMB 246.11 billion in 2021[4]. - Total revenue for 2022 was RMB 364,574 million, an increase from RMB 225,729 million in 2021, representing a growth of 61.5%[11]. - The company reported a segment profit of RMB 138.1 billion for 2022, compared to RMB 68.7 billion in 2021, marking an increase of 101.5%[13]. - The company’s consolidated net profit for 2022 was RMB 141,677 million, a 101.5% increase from RMB 70,307 million in the previous year, driven by continuous production increases and cost reductions[39]. - The company’s pre-tax profit for 2022 was RMB 53.1 billion, compared to RMB 25.5 billion in 2021, showing a year-over-year increase of 108.2%[19]. - The company’s income tax expense for 2022 was RMB 53.1 billion, significantly higher than RMB 25.5 billion in 2021, reflecting increased profitability[19]. Production and Reserves - In 2022, CNOOC Limited achieved a net production of 624 million barrels of oil equivalent, setting a historical record[1]. - The company achieved a production volume of 603.6 million barrels of oil equivalent in 2022, a 9.3% increase from 552.1 million barrels in 2021[40]. - The company’s proven reserves stood at approximately 6.24 billion barrels of oil equivalent at the end of 2022, with a reserve replacement ratio of 182%[32]. - The company successfully completed 18 commercial discoveries, achieving a reserve replacement ratio of 182%[1]. Dividends and Shareholder Returns - The company has proposed a final dividend of HKD 0.75 per share for the year 2022[1]. - The company declared an interim dividend of HKD 0.70 per share for 2022, an increase from HKD 0.30 per share in 2021, and a special dividend of HKD 1.18 per share[21]. - The board proposed a final dividend of HKD 0.75 per share, totaling HKD 35.675 billion, which represents approximately 43% of the net profit[62]. - The total dividend for the year, including an interim dividend of HKD 0.70 per share, amounts to HKD 69.021 billion[62]. - The company repurchased and canceled 70.69 million shares, with a total consideration of HKD 693 million, equivalent to approximately RMB 623 million[26]. Financial Position - Non-current assets totaled RMB 664,352 million in 2022, up from RMB 578,587 million in 2021, indicating a growth of 14.8%[6]. - Current assets increased to RMB 264,679 million in 2022, compared to RMB 207,982 million in 2021, representing a growth of 27.2%[6]. - Total liabilities decreased slightly to RMB 330,648 million in 2022 from RMB 330,593 million in 2021, showing a marginal reduction[7]. - Net assets rose to RMB 598,383 million in 2022, up from RMB 481,976 million in 2021, reflecting an increase of 24.2%[7]. - The company’s total assets reached RMB 929.0 billion in 2022, up from RMB 786.6 billion in 2021, indicating strong growth in asset base[13]. - The company maintained a capital debt ratio of 18.3% at the end of 2022, with free cash flow reaching RMB 110.8 billion[31]. Capital Expenditures and Investments - Capital expenditures for 2022 were RMB 102.8 billion, up from RMB 90.4 billion in 2021, reflecting ongoing investment in growth[13]. - Capital expenditures in 2022 totaled RMB 100,357 million, an increase of 14.5% from RMB 87,592 million in 2021, with significant investments in domestic and overseas projects[56]. - The company plans to invest RMB 100-110 billion in capital expenditures in 2023, with a production target of 650-660 million barrels of oil equivalent and a reserve replacement ratio of no less than 130%[60]. Strategic Focus and Future Plans - CNOOC plans to continue enhancing its value creation capabilities and international competitiveness in 2023[2]. - The company is focusing on green and low-carbon development, actively promoting clean production in oil and gas[1]. - The company plans to increase the proportion of natural gas in its total production by 2025, focusing on offshore and unconventional gas exploration[30]. - The company plans to accelerate the development of offshore wind power and CCS/CCUS research as part of its green low-carbon development strategy[37]. Market and Economic Conditions - The average Brent crude oil price for 2022 was USD 99.0 per barrel, a 40.0% increase year-on-year, impacting overall revenue positively[38]. - The company highlighted uncertainties in future performance due to factors such as oil and gas price volatility and macroeconomic conditions[68].

证券代码：600938 证券简称：中国海油 公告编号：2023-004 中国海洋石油有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2023 年 03 月 22 日(星期三)至 03 月 28 日(星期二)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@cnooc.com.cn 进行提问。 中国海洋石油有限公司（以下简称"公司"）将于 2023 年 03 月 29 日闭市 后发布公司 2022 年度报告。为便于广大投资者更全面深入地了解公司 2022 年经 营成果和财务状况，公司计划于 2023 年 03 月 29 日下午 17:00-18:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说明会以网络直播、电话会议和网络互动形式召开，公司将针对 2022 年的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信 息披露允许的范围内就投资者普遍关注的问题进行回答 ...

Financial Performance - Total revenue for Q3 2022 reached RMB 108,790 million, an increase of 70.99% year-on-year[2] - Net profit attributable to shareholders was RMB 36,881 million, reflecting a year-on-year growth of 89.06%[2] - Net profit excluding non-recurring gains and losses was RMB 36,375 million, up 91.58% compared to the same period last year[3] - Basic earnings per share for Q3 2022 was RMB 0.77, representing a 75.00% increase from the previous year[3] - The company reported a total comprehensive income of RMB 131,379 million for Q3 2022, compared to RMB 52,531 million in Q3 2021, marking an increase of 150%[24] - Net profit attributable to shareholders of the parent company for Q3 2022 was RMB 108,768 million, compared to RMB 52,837 million in Q3 2021, reflecting a growth of 105%[24] - Earnings per share for Q3 2022 were RMB 2.34, compared to RMB 1.18 in Q3 2021, representing an increase of 98%[24] Cash Flow and Assets - Operating cash flow for the first nine months of 2022 was RMB 166,892 million, an increase of 59.49% year-on-year[3] - Cash and cash equivalents stood at RMB 149.36 billion as of September 30, 2022, compared to RMB 79.73 billion at the end of 2021, representing an increase of approximately 87.2%[20] - The cash and cash equivalents at the end of Q3 2022 amounted to RMB 104,111 million, up from RMB 42,283 million at the end of Q3 2021, showing an increase of 146%[27] - The net cash flow generated from operating activities for the first three quarters of 2022 was RMB 166,892 million, up from RMB 104,642 million in the same period of 2021, indicating a rise of 59%[25] - The company experienced a significant increase in cash inflow from operating activities, totaling RMB 327,666 million in the first three quarters of 2022, compared to RMB 176,248 million in the same period of 2021, an increase of 86%[25] Production and Sales - Oil and gas sales revenue for Q3 2022 was RMB 89,206 million, a 53.7% increase year-on-year[7] - In the first three quarters of 2022, the company achieved a net production of 461.5 million barrels of oil equivalent, a year-on-year increase of 9.3%, setting a historical record for the same period[14] - The total production of natural gas in Q3 2022 was 140.7 billion cubic feet, compared to 119.8 billion cubic feet in Q3 2021, showing an increase of about 17.5%[17] - In Q3 2022, total oil equivalent production reached 106.9 million barrels, a significant increase from 100.1 million barrels in the same period of 2021, representing a growth of approximately 6.8%[17] - The total net production of oil liquids in China for Q3 2022 was 83.0 million barrels, compared to 79.8 million barrels in Q3 2021, indicating a year-over-year increase of about 2.5%[17] Capital Expenditures and Investments - Capital expenditures for exploration in Q3 2022 were RMB 4,731 million, a 8.9% increase compared to the same period last year[8] - The company’s capital expenditure reached approximately RMB 68.69 billion, a year-on-year increase of 20.6%, due to increased workload[14] - The company plans to expand its market presence and invest in new technologies to enhance production efficiency and sustainability[22] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to RMB 934,962 million, an increase of 18.87% from the end of the previous year[3] - The total liabilities increased to RMB 366.13 billion as of September 30, 2022, compared to RMB 304.59 billion at the end of 2021, marking an increase of about 20.2%[21] - The company reported a total of 300.63 billion in current assets as of September 30, 2022, compared to 207.98 billion in the previous year, indicating a growth of about 44.4%[20] - The company’s oil and gas assets reached RMB 498.32 billion as of September 30, 2022, up from RMB 458.87 billion at the end of 2021, reflecting an increase of approximately 8.6%[20] Operational Highlights - The company made 14 new discoveries and successfully evaluated 20 oil and gas structures in the first three quarters of 2022[14] - The company successfully put 6 projects into production during the first three quarters, with other new projects progressing steadily[14] - The company launched its first independently developed deep-water subsea production system, which is significant for the effective development of deep-water oil and gas fields in the South China Sea[15] - The average realized price for oil liquids was USD 95.80 per barrel, a 36.1% increase year-on-year[8] - The average realized oil price was $101.40 per barrel, up 55.8% year-on-year, while the average realized gas price was $8.14 per thousand cubic feet, up 20.2% year-on-year[14] - The average cost per barrel of oil was well controlled at $30.29[14]