Sou Hu Cai Jing·2025-08-26 22:22Core Viewpoint - China National Petroleum Corporation (CNPC) reported a revenue of 1.45 trillion yuan for the first half of the year, a decrease of 6.7% year-on-year, with a net profit of 84.007 billion yuan, down 5.4% year-on-year. The company declared an interim dividend of 0.22 yuan per share, totaling 40.26 billion yuan, maintaining a historically high level [1]. Group 1: Financial Performance - CNPC's oil and gas equivalent production reached 924 million barrels, an increase of 2.0% year-on-year, with crude oil production at 476 million barrels, up 0.3% [2]. - The company achieved a sales volume of 2.68 trillion cubic feet of marketable natural gas, a year-on-year increase of 3.8%, marking a historical high for the same period [2]. - The operating profit from oil and gas and new energy businesses was 85.69 billion yuan [2]. Group 2: Operational Highlights - CNPC implemented efficient exploration strategies, focusing on key basins and areas, leading to significant breakthroughs and discoveries [1]. - The company optimized capacity construction and improved recovery rates through various measures, accelerating the development of key projects [1]. - The company processed 690 million barrels of crude oil and produced 59.57 million tons of refined oil, with chemical product sales volume increasing by 4.9% year-on-year [2]. Group 3: Business Development - The company is advancing its new energy business, with a 70.0% year-on-year increase in wind and solar power generation [2]. - CNPC's refining and chemical business is undergoing structural adjustments, with significant progress in high-end polyethylene projects and other initiatives [2]. - The natural gas sales business saw a volume increase of 2.9% year-on-year, with domestic sales reaching 119.77 billion cubic meters, up 4.2% year-on-year, achieving a historical high [3].