Core Points - China Petroleum & Chemical Corporation (Sinopec) repurchased 4.776 million shares on October 30 at a price range of HKD 4.100 to HKD 4.220, totaling HKD 19.723 million [2] - The stock closed at HKD 4.120 on the same day, reflecting a decrease of 2.37%, with a total trading volume of HKD 931 million [2] - Year-to-date, Sinopec has conducted 22 repurchase transactions, acquiring a total of 175 million shares for a cumulative amount of HKD 794 million [2] Repurchase Details - Date: October 30, 2025; Shares repurchased: 477.60 thousand; Highest price: HKD 4.220; Lowest price: HKD 4.100; Total amount: HKD 19.723 million [2] - Previous repurchase on September 26, 2025; Shares repurchased: 453.00 thousand; Highest price: HKD 4.070; Lowest price: HKD 4.050; Total amount: HKD 18.4045 million [2] - Another repurchase on September 25, 2025; Shares repurchased: 810.00 thousand; Highest price: HKD 4.090; Lowest price: HKD 4.050; Total amount: HKD 32.9711 million [2]

Asia's largest oil and gas producer PetroChina Co Ltd reported on Thursday a 3.9% year-on-year decline in third-quarter net profit due to lower oil prices as it maintained steady crude production and ... ...

记者｜郭霁莹 编辑｜瑜见 截至10月30日晚间，中国石化（600028.SH）、中国石油（601857.SH）、中国海油（600938.SH）三季 报出齐。国际油价下行趋势下，"三桶油"第三季度净利润同比均小幅回落，中国石油以422.9亿元归母 净利润居盈利榜首。三家公司第三季度合计盈利832.3亿元，相当于日赚9.05亿元。 ...

中新社钦州10月30日电 中国石油广西石化炼化一体化转型升级项目(以下简称：广西石化乙烯工程)30日 在广西钦州港一次投产成功，首批固体化工产品合格并发运，标志着中国西南地区最大的百万吨级乙烯 工程建成。 该工程建成中国石油自有技术首套8万吨/年SBS和12万吨/年官能化溶聚丁苯橡胶装置，采用全球首台最 大双变频器无扰动切换电机的乙烯制冷压缩机等关键设施，一系列"全球首创""国内首套"成果的集中落 地，标志着中国石化领域自主技术体系进一步成熟。 作为中国石油首个从炼油转型炼化一体化的标杆项目，广西石化乙烯工程建设120万吨/年乙烯装置为核 心的14套化工装置、2套炼油装置及公辅设施。投产后，每年可减少油品349万吨、增产化工品306万 吨，高端聚烯烃、官能化橡胶、高端膜料、管材料等产品将填补国内供给缺口。同时，工程新增用电实 现100%绿电保障，炼油、乙烯装置能耗指标优于国家标准标杆水平，构建起"资源-产品-绿色应用"的循 环链条。(完) （文章来源：中国新闻网） 该工程总投资逾300亿元人民币，其中，全球最大的柴油吸附分离装置应用"分子工程"理念，原料利用 效率较传统工艺提升15%以上，有效破解中国石化产业 ...

中国石油金融业务起步于1995年。"在30年的发展历程中，我们不断深化对发展产业金融的认识，始终 遵循'产融结合、以融促产、一体协同、做特做优'的方针，推进实施一系列战略性举措，形成了符合油 气产业特点、满足主业需求的金融产品和服务体系，建立了较为完善的金融风险防控体系和预警隔离机 制。"周心怀说。 周心怀介绍说，中国石油金融业务资产总额已突破1.1万亿元，管理总资产超过1.6万亿元，探索出了一 条产业集团办金融的特色化发展的道路，在增强公司发展韧劲、提升综合竞争力等方面发挥了十分重要 的作用。 当前，能源结构向绿色低碳转型是大势所趋。周心怀表示，中国石油按照"清洁替代、战略接替、绿色 转型"三步走的总体部署，加快形成清洁低碳、安全高效、多能互补的新型能源生产和供给体系，全力 提升金融和资本业务的服务保障能力、价值创造能力，实现能源化工主业与资本和金融业务相互促进、 相得益彰。 新华财经北京10月30日电（刘旭阳）10月30日上午，2025金融街论坛年会"产业金融助力能源转型发 展"平行论坛在北京举办。中国石油天然气集团有限公司总经理周心怀表示，中国石油金融业务资产总 额已突破1.1万亿元，管理总资产超过1. ...

Core Viewpoint - The third-quarter financial results of China's three major oil companies, Sinopec, PetroChina, and CNOOC, show a slight decline in net profits due to the downward trend in international oil prices, with PetroChina leading in profitability. Group 1: Financial Performance - As of October 30, the third-quarter reports for Sinopec (600028.SH), PetroChina (601857.SH), and CNOOC (600938.SH) have been released, indicating a slight year-on-year decline in net profits for all three companies [1] - PetroChina reported a net profit of 42.29 billion yuan, making it the most profitable among the three [1] - The combined net profit for the three companies in the third quarter reached 83.23 billion yuan, averaging a daily profit of 905 million yuan [1]

Core Insights - The successful launch of the Guangxi Petrochemical Ethylene Project marks a significant transition for China National Petroleum Corporation (CNPC) from refining to integrated refining and chemical production in the southwestern region of China [1][2] - The project, with a total investment exceeding 30 billion RMB, features the world's largest diesel adsorption separation unit and aims to enhance raw material utilization efficiency by over 15% compared to traditional processes [1][2] Investment and Production Capacity - The Guangxi Petrochemical Ethylene Project includes a core ethylene unit with an annual capacity of 1.2 million tons, along with 14 chemical units and 2 refining units [2] - Upon completion, the project is expected to reduce oil products by 3.49 million tons annually and increase chemical production by 3.06 million tons, addressing domestic supply gaps in high-end polyolefins and functional rubber [2] Environmental and Economic Impact - The project achieves 100% green electricity for its new power consumption and meets energy consumption standards that exceed national benchmarks, contributing to China's dual carbon goals [2] - It is anticipated to transform Guangxi's industrial landscape from basic chemicals to high-end chemical new materials, supporting the development of a trillion-level green chemical new materials industry cluster aimed at the ASEAN market [2] Product Range and Market Reach - The first batch of chemical products includes a variety of materials such as polyethylene films, polypropylene, and SBS, which are essential for sectors like agriculture, food packaging, and electronics [2] - The successful shipment of these products is expected to provide high-quality raw material support to downstream markets, effectively filling regional supply gaps in high-end chemical products [2] Strategic Importance - The Guangxi Petrochemical Ethylene Project is a key initiative under China's national petrochemical industry planning and a major project for CNPC during the 14th Five-Year Plan [5] - The project is viewed as a crucial driver for economic development in the Guangxi region, facilitating a shift from fuel to material production in the local petrochemical industry [5]

截至10月30日晚间，中国石化（600028.SH）、中国石油（601857.SH）、中国海油（600938.SH）三季 报出齐。国际油价下行趋势下，"三桶油"第三季度净利润同比均小幅回落，中国石油以422.9亿元归母 净利润居盈利榜首。三家公司三季度合计盈利832.3亿元，相当于日赚9.05亿元。（第一财经记者 郭霁 莹） ...

油气和新能源业务坚持高效勘探、效益开发，进一步加大国内勘探开发力度，持续优化海外业务结构和 资产布局，努力推动油气增储上产，大力加强油气生产成本管控，因地制宜发展新质生产力，新能源业 务保持高速增长势头。2025年前三季度，本集团原油产量7.14亿桶，比上年同期的7.08亿桶增长0.8%， 其中国内原油产量5.91亿桶，比上年同期的5.85亿桶增长1.0%，海外原油产量1.23亿桶，比上年同期的 1.229亿桶略有增长;本集团可销售天然气产量3977.2十亿立方英尺，比上年同期的3803.8十亿立方英尺 增长4.6%，其中国内可销售天然气产量3858.2十亿立方英尺，比上年同期的3666.9十亿立方英尺增长 5.2%，保持较快增长势头，海外可销售天然气产量119.0十亿立方英尺，比上年同期的136.9十亿立方英 尺有所下降，主要是由于部分海外项目产量自然递减;本集团油气当量产量13.77亿桶，比上年同期的 13.42亿桶增长 2.6%，其中国内油气当量产量12.34亿桶，比上年同期的11.97亿桶增长3.2%，海外油气 当量产量1.43亿桶，比上年同期的1.46亿桶下降2.0%。本集团持续加强成本费用管控，2 ...

Core Insights - China Petroleum & Chemical Corporation (Sinopec) reported a revenue of 719.16 billion RMB for Q3 2025, a year-on-year increase of 2.3%, while net profit attributable to shareholders decreased by 3.9% to 42.29 billion RMB [1] - For the first three quarters of 2025, the company achieved a revenue of 2,169.26 billion RMB, down 3.9% year-on-year, with a net profit of 126.29 billion RMB, a decrease of 4.9% [1] Oil and Gas Production - The company increased its crude oil production to 714 million barrels, a 0.8% rise from the previous year, with domestic production at 591 million barrels, up 1.0% [2] - Natural gas sales volume reached 3,977.2 billion cubic feet, a 4.6% increase year-on-year, with domestic sales growing by 5.2% [2] - The average price of crude oil was $65.55 per barrel, down 14.7% from $76.88 per barrel in the previous year [1] Refining and Chemical Business - The company processed 1.041 billion barrels of crude oil, a 0.4% increase, and produced 29.59 million tons of chemical products, up 3.3% year-on-year [3] - The refining and chemical segment generated revenue of 826.06 billion RMB, with operating profit rising to 16.24 billion RMB, an increase of 9.6 billion RMB from the previous year [3] Sales Performance - The sales division sold 120.88 million tons of gasoline, kerosene, and diesel, a 0.8% increase year-on-year, with domestic sales remaining stable [4] - The sales segment achieved revenue of 1,773.94 billion RMB, with an operating profit of 11.63 billion RMB [4] Natural Gas Sales - The company sold 2,185.41 billion cubic meters of natural gas, a 4.2% increase from the previous year, with domestic sales growing by 4.9% [5] - The natural gas sales division reported revenue of 447.34 billion RMB, up 5.3% year-on-year, and operating profit increased by 60.11 billion RMB [5]