Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, but maintains a positive outlook on its competitive advantages across the entire industry chain, particularly in oil and gas production and refining and chemical transformation [1][4]. Financial Performance - In the first half of 2025, total revenue reached 1,450.099 billion yuan, a year-on-year decrease of 6.74%, while net profit attributable to shareholders was 83.993 billion yuan, down 5.42% [1]. - For Q2 2025, revenue was 696.991 billion yuan, a decrease of 6.09%, and net profit was 37.186 billion yuan, down 13.59% [1]. - The average price of Brent crude oil was 71.87 USD per barrel, a decline of 14.5% year-on-year [1]. - The company’s gross profit margin was 20.89%, a slight decrease of 0.1 percentage points, and the weighted average return on equity was 5.4%, down 0.6 percentage points [1]. Production and Operations - The company’s oil and gas equivalent production reached 923.6 million barrels, an increase of 2.0% year-on-year, with domestic crude oil production up 0.6% and marketable natural gas production up 4.7% [2]. - The company captured and utilized 1.305 million tons of CO2 in its CCUS business, achieving oil recovery of 300,000 tons [2]. - In the refining sector, the company processed 694.3 million barrels of crude oil, a slight increase of 0.1%, while the production of refined oil was 59.572 million tons, down 0.9% [3]. Business Segments - The oil and gas segment generated an operating profit of 856.86 billion yuan, while the new energy/refining and chemical/new materials/sales/natural gas sales segments reported profits of 110.56 billion yuan, 75.62 billion yuan, and 186.26 billion yuan, respectively [1]. - The refining business saw an operating profit of 9.664 billion yuan, down 8.0%, and the chemical business reported a profit of 1.392 billion yuan, a decrease of 17.34 billion yuan [3]. Capital Expenditure and Dividends - The interim dividend for 2025 was set at 0.22 yuan per share, with a total payout of approximately 40.265 billion yuan, resulting in a dividend payout ratio of 47.94%, an increase of 1.99 percentage points year-on-year [4]. - The total capital expenditure for 2025 is projected to be 262.2 billion yuan, with allocations of 80.09% for oil and gas and new energy, 13.92% for refining and chemicals, and smaller percentages for sales and natural gas sales [4]. Valuation - The company adjusted its profit forecast for 2025-2027, expecting net profits of 166.051 billion yuan, 169.482 billion yuan, and 172.705 billion yuan, corresponding to price-to-earnings ratios of 9.7, 9.5, and 9.3, respectively [4].

上半年，公司制定市值管理办法与行动方案，从多方面推进相关工作。未来将综合运用工具，引入长期 资本，提升投资价值。在产投融协同方面，公司以上海陆家嘴举办研讨活动为契机，构建协同发展新模 式，丰富产品谱系，打造命运共同体。 9月12日下午15:30 - 16:30，中国石油集团资本股份有限公司以业绩说明会的形式，通过全景网"投资者 关系互动平台"（https://ir.p5w.net）和深圳证券交易所"互动易"平台"云访谈"栏目 （http://irm.cninfo.com.cn）采用网络互动的方式，接受了投资者调研。公司副董事长、总经理何放，副 总经理、财务总监、董事会秘书刘强，独立董事陈武朝以及财务部、证券事务部总经理及工作人员参与 接待。以下为本次调研的精彩要点： 主要投资方向聚焦产业与绿色金融 中油资本作为金融服务管理平台，旗下金融企业坚守产业金融定位，聚焦服务能源产业与价值创造，发 挥产业链金融优势，提供特色化综合金融解决方案。同时大力发展绿色金融，以能源与化工产业链为重 点，打造石油特色绿色金融产品与服务。此外，着力发展金融科技，推动智慧金融高质量发展。 绿色金融成效显著，投融资规模超千亿元 公司将绿 ...

Core Viewpoint - The world's first heavy oil thermal extraction solar thermal replacement demonstration project has been launched in Xinjiang, marking a significant technological breakthrough in China's green and low-carbon transformation of oil and gas development [1][3]. Group 1: Project Overview - The solar thermal development project is located in the Fengcheng oilfield operation area of Karamay City, Xinjiang, covering an area of 150,000 square meters with a solar collection area of 51,500 square meters [3]. - The project utilizes 23,712 lightweight modular heliostats to reflect sunlight to a 113-meter high heat collector, producing high-temperature steam at 305°C, which is injected underground to meet the thermal extraction needs of heavy oil [3][5]. - The project innovatively uses underground steam chambers for thermal energy storage, allowing for continuous heat release during nighttime, achieving the economic and environmental goal of "maximizing solar use and zero-carbon oil extraction" [3]. Group 2: Technological Advancements - The small heliostat technology used in the project has a tracking precision of 1.2 milliradians, significantly higher than the common 2.0 milliradians in commercial power plants, with a solar reflection efficiency exceeding 95%, placing these metrics at an international leading level [5]. Group 3: Environmental Impact - Heavy oil, characterized by high viscosity and poor fluidity, accounts for over 70% of global reserves. Traditional thermal extraction methods using gas or coal boilers are energy-intensive and have high carbon emissions [8]. - The Fengcheng oilfield, as China's largest shallow heavy oil production base, previously consumed nearly 1 billion cubic meters of natural gas and about 300,000 tons of coal annually for thermal extraction [8]. - With the completion and operation of the high-temperature solar thermal project, it is expected to produce 52,000 tons of zero-carbon superheated steam annually, replacing approximately 3.92 million cubic meters of natural gas, equivalent to the annual gas demand of 20,000 households [8].

中央纪委国家监委网站9月12日通报，据中央纪委国家监委驻中国石油纪检监察组、浙江省纪委监委消 息：中国石油贵州销售分公司原党委委员、副总经理袁瑞森涉嫌严重违纪违法，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浙江省台州市监委监察调查。 ...

转自：北京日报客户端 来源：中央纪委国家监委网站 据中央纪委国家监委驻中国石油纪检监察组、浙江省纪委监委消息：中国石油贵州销售分公司原党委委 员、副总经理袁瑞森涉嫌严重违纪违法，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 和浙江省台州市监委监察调查。 ...

（中央纪委国家监委驻中国石油纪检监察组、浙江省纪委监委） 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、浙江省纪委监委消息：中国石 油贵州销售分公司原党委委员、副总经理袁瑞森涉嫌严重违纪违法，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浙江省台州市监委监察调查。 ...

远东线项目规定建设俄罗斯国内的"萨哈林—哈巴罗夫斯克—符拉迪沃斯托克"天然气管道通往中国的支线。经该线路的天然气长期购销合同于2022年2月 签署。远东线将于2027年1月开始供气。 【俄罗斯Finam金融集团分析师谢尔盖·考夫曼对卫星通讯社表示，在"西伯利亚力量-2"号天然气管道投入运行后，中国市场对俄罗斯天然气工业股份公司 来说可与欧盟市场规模相比。】 9月初，俄罗斯天然气工业股份公司与中国石油天然气集团有限公司在北京签署了具有法律约束力的关于建设过境蒙古国的"西伯利亚力量-2"号跨国天然 气管道备忘录。同时，双方还将达成协议，将经"西伯利亚力量"管道的天然气供气量从每年380亿立方米增加到每年440亿立方米，经远东线的年输气量从 100亿立方米增加到120亿立方米。 考夫曼表示，在"西伯利亚力量-2"号管道达到最大输气量后，俄气对华供气规模应达到每年1060亿立方米。作为比较，2021年经管道向欧盟的天然气运输 量约为1400亿立方米，也就是说，从规模来看，中国市场对俄气而言可与特别军事行动之前的欧盟市场相比。 专家补充道，同时销售价格可能会低于欧盟的现行价格。他指出，但是合同将具有长期性，此确保了俄气 ...

Core Viewpoint - The company is enhancing customer experience and driving sales through festive promotions and partnerships with local brands in anticipation of the upcoming National Day and Mid-Autumn Festival [3][4]. Group 1: Marketing Strategies - The company launched a series of themed marketing and service activities, including "Discount Autumn · Gift Voucher Shopping" and "Kunlun e Enjoy Card Member Threefold Gifts" to provide convenience and savings for drivers [3]. - Customers can purchase mooncake gift boxes at discounted prices when refueling, with options for both traditional and new flavors, catering to various consumer needs [3][4]. Group 2: Customer Engagement - The company offers exclusive benefits for Kunlun e Enjoy Card members, including daily lucky draws, rewards for order reviews, and various value-added services to enhance customer loyalty and satisfaction [4]. - The company is creating a festive atmosphere at gas stations with decorations and additional services such as free hot drinks and local specialty displays, aiming to provide a warm and convenient experience for customers [4].

Core Viewpoint - Daqing Petrochemical is actively implementing digital transformation and intelligent development strategies to enhance production efficiency, safety management, and overall operational effectiveness, thereby supporting energy security and local economic revitalization [2][3][5][7] Group 1: Digital Transformation Initiatives - Daqing Petrochemical has initiated a comprehensive digital transformation strategy, focusing on building a unified digital platform and integrating information systems to create an efficient production command system [3] - The company has established a digital management platform that encompasses over 100 information systems, enabling automated monitoring and analysis of all business processes and elements [3][5] Group 2: Intelligent Equipment and Operations - The introduction of intelligent inspection systems has improved operational safety and precision, significantly reducing labor intensity and operational risks for employees [5] - In the first half of the year, 26 performance indicators across 14 units exceeded historical best levels, showcasing the effectiveness of digital management [5] Group 3: Safety Management Enhancements - Daqing Petrochemical has integrated digital technology into its safety management, creating an intelligent and efficient safety protection system that enhances emergency response speed and handling capabilities [7] - The newly established command center has reduced the time for command transmission from 1 minute to 10 seconds and the response time for fire emergencies to 45 seconds, significantly improving safety management [7]

9月8日，中国石油天然气销售山东公司兰陵公司抢抓秋检"黄金期"，全面开启秋季安全大检查，对燃气设备及管网进行全面"体检"，多措并举夯实安全生产 根基，为秋冬燃气安全奠定坚实基础。 以检促建，夯实发展"安全基" 此次秋检工作不仅是对燃气设备设施的一次全面"体检"，更是对公司安全生产能力的一次全面检验和提升。下一步，公司将以此次秋检工作为抓手，以高标 准、严要求，践行"奉献绿色能源、赋能美好生活"的企业使命，以"严、细、实"的工作作风，为兰陵县燃气安全运行织密防护网。(苏飞) 全面排查，把好设施"安全关" 秋检工作中，工作人员聚焦"管网、设备、用户"三大环节，对场站工艺区、燃气管网、调压设备、用户端等进行全面、全方位排查，采用"人工安检+智能检 测"模式，确保不漏一处、不留死角。 加强宣传，共筑燃气"生命线" 秋检工作中，工作人员坚持做好安全用气、管道保护宣传工作，充分利用入户安检、管网巡检的机会做好安全常识普及，不断增强人民群众燃气安全意识， 为燃气安全平稳运行打牢群众基础。 精心部署，筑牢秋检"责任网" 兰陵公司高度重视秋检工作，提前召开专题部署会，结合往年经验与当前燃气设备设施的运行实际，成立秋检工作领导小 ...