中国海油(600938) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was RMB 99,254 million, a decrease of 13.5% compared to the same period last year[2]. - Net profit attributable to shareholders of the parent company reached RMB 36,928 million, reflecting a 9.0% increase year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 36,671 million, up 9.9% from the previous year[2]. - The company reported a net cash flow from operating activities of RMB 182,768 million, an increase of 14.9% year-on-year[2]. - In Q3 2024, China National Offshore Oil Corporation (CNOOC) reported a net profit of RMB 116.684 billion, up from RMB 97.659 billion in Q3 2023, representing a growth of 19.4%[18]. - The company's operating profit for Q3 2024 was RMB 154.399 billion, compared to RMB 133.171 billion in Q3 2023, reflecting a year-over-year increase of 15.9%[18]. - The total revenue from operating activities for the first three quarters of 2024 reached RMB 352.091 billion, compared to RMB 317.196 billion in the same period of 2023, an increase of 11%[20]. - The company reported a total comprehensive income of RMB 113.634 billion for Q3 2024, compared to RMB 103.720 billion in Q3 2023, indicating a growth of 9.2%[19]. Production and Sales - In the first three quarters of 2024, the net production reached 542.1 million barrels of oil equivalent, an increase of 8.5% year-on-year[11]. - The company achieved oil and gas sales revenue of approximately RMB 271.43 billion, a year-on-year increase of 13.9%[12]. - The company's third-quarter net production was 179.6 million barrels of oil equivalent, a year-on-year increase of 7.0%[11]. - In Q3 2024, the total net production of oil and gas was 121.5 million barrels of oil equivalent, compared to 114.3 million barrels in Q3 2023, representing a growth of 6.3%[13]. - The total net production for the first three quarters of 2024 was 369.2 million barrels of oil equivalent, an increase from 345.5 million barrels in the same period of 2023, reflecting a growth of 6.9%[13]. - Oil and gas sales revenue was RMB 86,320 million, a slight decrease of 0.4% year-on-year[6]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,079,390 million, representing a 7.3% increase from the end of the previous year[3]. - The cash and cash equivalents as of September 30, 2024, were 184,056 million RMB, compared to 150,562 million RMB at the end of 2023, marking an increase of 22.3%[15]. - The company's total assets as of September 30, 2024, were 1,079,390 million RMB, up from 1,005,598 million RMB at the end of 2023, representing a growth of 7.3%[16]. - The total liabilities as of September 30, 2024, were 358,786 million RMB, compared to 337,722 million RMB at the end of 2023, indicating an increase of 6.2%[16]. - CNOOC's total liabilities increased to RMB 1.2 trillion as of Q3 2024, reflecting a growth of 5% compared to the previous year[21]. Capital Expenditure and Investments - Capital expenditure for exploration was RMB 4,607 million, showing a 9.2% increase compared to the previous year[6]. - Capital expenditures for the period were approximately RMB 95.34 billion, an increase of 6.6% year-on-year[12]. - The company made 9 new discoveries and successfully evaluated 23 oil and gas structures in the first three quarters[11]. - The company successfully launched several development projects, including the secondary adjustment development project of Suizhong 36-1 and the deep-sea phase II natural gas development project[11]. Cost Control and Efficiency - The company’s cost control remained effective, with the main cost per barrel of oil at $28.14, roughly unchanged year-on-year[12]. - The company has maintained a strong focus on cost control, resulting in a decrease in operating costs despite increased production levels[17]. - The total operating cost for the first three quarters of 2024 was 174,181 million RMB, a decrease from 177,799 million RMB in the same period of 2023, showing a reduction of 1.8%[17]. Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance production efficiency and sustainability[14].