Zheng Quan Ri Bao·2025-03-31 14:09Core Viewpoint - China National Petroleum Corporation (CNPC) reported a revenue of 2.9 trillion yuan and a net profit of 164.68 billion yuan for 2024, marking a 2.0% year-on-year increase despite a decline in international oil prices [1] Group 1: Financial Performance - In 2024, CNPC achieved record highs in pre-tax profit, net profit, return on equity, and capital return rate, indicating a significant improvement in operational performance [1] - The company has seen a continuous increase in its stock price over the past four years, reflecting enhanced development quality and providing good returns to investors [3] Group 2: Strategic Initiatives - CNPC has outlined five strategic initiatives: innovation, resources, market, internationalization, and green low-carbon development, with a focus on digital oil as a key component [1] - The company aims to achieve a balanced distribution of oil, gas, and new energy by 2035, with a long-term goal of creating a "green CNPC" by 2050 [2] Group 3: Industry Transformation - CNPC is actively pursuing a transformation towards high-value-added products in the refining sector, with a 49.3% year-on-year increase in chemical new materials production, reaching 2.045 million tons in 2024 [2] - The company is enhancing its integrated industrial advantages in refining and chemical production, supported by technological innovation and strategic initiatives [3]