Xin Hua Cai Jing·2025-08-21 09:52Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) reported strong financial performance for the first half of 2025, with significant revenue and profit growth, alongside a robust cash flow and a new share buyback plan to enhance shareholder value [2][3]. Financial Performance - For the first half of 2025, Sinopec achieved operating revenue of 1.4 trillion yuan and a net profit attributable to shareholders of 23.75 billion yuan, with a cash dividend of 0.088 yuan per share [2]. - The company’s cash flow from operating activities remains strong, indicating a solid financial position [2]. Business Segments - In the upstream segment, Sinopec reported a record domestic oil and gas equivalent production of 262.81 million barrels, a 2.0% increase year-on-year, with domestic crude oil production at 126.73 million barrels and natural gas production at 736.28 billion cubic feet, up 5.1% [3]. - The refining and chemical segments saw a high operational load, processing 120 million tons of crude oil and producing 71.4 million tons of refined oil, with chemical production increasing by 11.5% to 22.06 million tons [4]. Innovation and Technology - Sinopec is advancing key core technologies, achieving breakthroughs in enhanced oil recovery and developing autonomous drilling software, among other innovations [5]. Strategic Focus - The chairman emphasized the importance of transformation and upgrading, focusing on high-end, intelligent, and green development, while also ensuring resource security and fostering collaborative partnerships within the industry [6].