Jing Ji Ri Bao·2025-04-07 21:56Core Viewpoint - In 2024, China National Petroleum Corporation (CNPC) reported a revenue of 2.9 trillion yuan and a net profit of 164.68 billion yuan, marking a 2% year-on-year increase, achieving record highs for three consecutive years despite a 2.5% decline in international oil prices [2] Group 1: Financial Performance - CNPC's operating performance continues to grow, achieving historical highs for three consecutive years [2] - The company reported a revenue of 2.9 trillion yuan and a net profit of 164.68 billion yuan for 2024, with a 2% increase in net profit year-on-year [2] Group 2: Natural Gas Exploration and Development - CNPC is focusing on unconventional natural gas resources, particularly coalbed methane and coal rock gas, to enhance energy supply capabilities [3] - The Longqing Oilfield, CNPC's largest oil and gas field, has developed over 30 key technologies to address the challenges of tight gas development, achieving low-cost and efficient production [4] - In 2024, CNPC's natural gas sales reached 287.75 billion cubic meters, a 5.2% increase year-on-year, with domestic sales at 227.83 billion cubic meters, up 3.7% [4] Group 3: Refining and Chemical Transformation - CNPC is accelerating the transformation and upgrading of its refining and chemical business, focusing on high-end materials and addressing structural issues in the petrochemical industry [5] - The company is actively expanding its aviation kerosene production capacity to meet the growing demand in the aviation sector, with a monthly production of over 130,000 tons in 2024 [6] Group 4: Low-Carbon Development - CNPC is advancing its "dual carbon" goals through the development of renewable energy projects, achieving over 50% growth in renewable energy utilization capacity [7] - The company is integrating oil and gas operations with renewable energy, enhancing its research and innovation capabilities in hydrogen, geothermal energy, and carbon capture, utilization, and storage (CCUS) [8] - CNPC has established a carbon-neutral ecological park and aims to expand its green initiatives, with a green area of 36 million square meters by the end of 2024 [9]