PETROCHINA(SH:601857) Zhong Guo Jin Rong Xin Xi Wang·2025-08-27 13:23Core Viewpoint - China National Petroleum Corporation (CNPC) reported strong mid-year performance despite a 15.1% year-on-year decline in Brent crude oil prices, achieving an operating profit of 117 billion yuan and a net profit attributable to shareholders of 84 billion yuan, maintaining historical highs [1][2]. Group 1: Financial Performance - CNPC's revenue for the first half of the year reached 1.5 trillion yuan, with a net profit of 840.1 billion yuan [1]. - The company declared an interim dividend of 0.22 yuan per share, totaling 40.26 billion yuan, continuing to maintain historical highs [1]. - Operating profit from oil and gas and new energy business amounted to 85.69 billion yuan [1]. Group 2: Production and Sales - CNPC's oil and gas equivalent production was 924 million barrels, a 2.0% increase year-on-year, with crude oil production at 476 million barrels (up 0.3%) and marketable natural gas production at 2.68 trillion cubic feet (up 3.8%) [1]. - In the refining and chemical materials sector, CNPC processed 690 million barrels of crude oil, producing 59.57 million tons of refined oil and 19.97 million tons of chemical products, a 4.9% increase year-on-year [2]. - Sales of refined oil reached 77.83 million tons, with vehicle LNG sales up 58.9% and charging and swapping volume up 213% [2]. Group 3: Technological Advancements - CNPC is leveraging big data and artificial intelligence to enhance efficiency in exploration and development, refining, and sales operations [2]. - The use of intelligent models in seismic interpretation and refining processes has significantly improved operational efficiency and product yield [2]. Group 4: Future Outlook - The company anticipates that the ongoing recovery of the national economy will boost domestic demand and consumption, benefiting energy and chemical sectors [3]. - CNPC plans to strengthen market analysis and management to achieve its annual production and operational goals [3].