Zhong Guo Xin Wen Wang·2025-08-26 11:41Core Viewpoint - China National Petroleum Corporation (CNPC) reported growth in domestic refined oil, natural gas, and chemical product sales in the first half of the year, alongside rapid development in new energy and materials businesses [1][2] Group 1: Financial Performance - The company achieved a revenue of 1.5 trillion yuan and a net profit of 84.01 billion yuan for the first half of the year [1] - The board declared an interim dividend of 0.22 yuan per share, totaling 40.26 billion yuan, maintaining a historically high level [1] Group 2: Production and Operations - CNPC's oil and gas equivalent production reached 924 million barrels, a year-on-year increase of 2.0%, with crude oil production at 476 million barrels, up 0.3% [1] - Marketable natural gas production was 2.68 trillion cubic feet, reflecting a 3.8% year-on-year growth, achieving historical highs for both natural gas and oil equivalent production [1] - The company accelerated key project developments in solar and wind energy, with wind and solar power generation increasing by 70.0% [1] - The company injected 1.305 million tons of CO2 as part of its CCUS business, generating an operating profit of 85.69 billion yuan from oil and gas new energy operations [1] Group 3: Refining and Sales - CNPC processed 690 million barrels of crude oil, producing 59.572 million tons of refined oil and 1.9971 million tons of chemical products, a 4.9% increase year-on-year [2] - The production of new materials reached 166.5 thousand tons, marking a 54.9% year-on-year growth, maintaining over 50% growth for three consecutive years [2] - The sales of refined oil amounted to 77.831 million tons, with vehicle LNG sales increasing by 58.9% and charging and swapping volumes rising by 213% [2] - Natural gas sales reached 151.5 billion cubic meters, a 2.9% increase year-on-year, with domestic sales at 119.77 billion cubic meters, up 4.2%, achieving a historical high and increasing market share by 2.1 percentage points [2]