Sou Hu Cai Jing·2025-08-29 09:13Core Viewpoint - China National Petroleum Corporation (CNPC) has appointed Zhou Xinhai as the new General Manager and Deputy Secretary of the Party Committee, while he has been relieved of his positions at China National Offshore Oil Corporation (CNOOC) [1] Group 1: Leadership Changes - Zhou Xinhai, born in 1970, is a senior engineer with a doctorate and has extensive experience within the CNOOC system [2] - His previous roles include Chief Geologist at CNOOC's East China Petroleum Administration and General Manager of CNOOC's Exploration Department [2] - Zhou served as CNOOC's Vice General Manager from March 2022 to March 2024, and held multiple leadership positions within the company [2] Group 2: Financial Performance - In the first half of the year, CNOOC reported revenue of 207.608 billion yuan, a year-on-year decrease of 8%, and a net profit attributable to shareholders of 69.533 billion yuan, down 13% [4] - CNPC's revenue for the same period was 1.45 trillion yuan, a decline of 6.7%, with a net profit of 84.007 billion yuan, down 5.4% [4] - CNPC's oil and gas equivalent production reached 942 million barrels, an increase of 2% year-on-year, with natural gas production and oil and gas equivalent production both hitting historical highs [4] Group 3: Renewable Energy Initiatives - CNPC's renewable energy projects include a 1.3 million kW photovoltaic project in Tarim Oilfield, generating 2.1 billion kWh of green electricity annually [4] - The Jilin Oilfield's distributed wind power project has generated over 3 million kWh, while the Daqing Lamaidian Oilfield's low-carbon demonstration area achieved over 100 million kWh of electricity generation, a 160% increase year-on-year [4] Group 4: Company Rankings - CNPC ranks third among the world's top oil companies and sixth in the Fortune Global 500 list for 2024 [4] - As of August 29, CNPC's A-share price increased by 0.93%, closing at 8.72 yuan, with a market capitalization of 1.6 trillion yuan [4]