Core Viewpoint - China National Offshore Oil Corporation (CNOOC) reported a net profit of RMB 69.5 billion for the first half of 2025, and the board has decided to distribute an interim dividend of HKD 0.73 per share (tax included) to reward shareholders [2] Business Performance - The company achieved a net production of 384.6 million barrels of oil equivalent in the first half of the year, representing a year-on-year increase of 6.1%, with both domestic and international production exceeding historical levels [3] - The successful launch of multiple oil and gas fields, including the Bohai Zhong 26-6 and Wenchang 9-7 projects, demonstrates the company's strong project execution capabilities [3] - Natural gas production saw a significant year-on-year increase of 12%, with major projects like the Dongfang 29-1 gas field contributing to this growth [3] Technological Innovation - The company is focusing on technological innovation and digital transformation, improving reserve utilization and recovery rates while maintaining a low natural decline rate for offshore oil and gas fields [4] - Advanced geophysical technologies have been implemented to enhance deep seismic data quality, supporting deep exploration efforts [4] - The deployment of AI and smart technologies has led to the recognition of the "Deep Sea No. 1" smart gas field as one of China's first exemplary intelligent factories [4] Green Transition - CNOOC is committed to integrating oil and gas with renewable energy, achieving significant results in clean production through energy-saving measures and green electricity alternatives [5] - The company generated over 900 million kilowatt-hours of green electricity in the first half of the year and implemented a CCUS project, marking a new model for marine energy recycling [5] - The Bohai Oilfield is set to establish the largest CCUS center in northern China, integrating CO2 production, injection, and storage [5] Financial Performance - The company's oil and gas sales revenue reached RMB 171.7 billion, showcasing resilience in profitability despite external market fluctuations [5] - Cost control remains effective, with the main cost per barrel of oil equivalent stable at USD 26.94, year-on-year [5] - The chairman emphasized the company's steady and efficient progress in oil and gas development, laying a solid foundation for achieving annual targets [5]
中国海油上半年实现归母净利润695亿元