Jing Ji Wang·2025-09-08 02:42Core Viewpoint - China Petroleum & Chemical Corporation (the "Company") reported better-than-expected operating performance in the first half of the year, driven by proactive responses to market changes and advancements in production, technology, and marketing strategies [1] Group 1: Financial Performance - The Company achieved a revenue of 1.5 trillion yuan and a net profit of 84.01 billion yuan in 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 payout level [1] Group 2: Oil and Gas Production - The Company recorded an oil and gas equivalent production of 924 million barrels, a year-on-year increase of 2.0%, 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%) [2] - The Company made significant breakthroughs in exploration and development, optimizing production capacity and enhancing recovery rates [2] Group 3: Refining and Chemical Business - The Company is advancing its refining and chemical transformation, with significant projects in Jilin and Guangxi achieving mid-stage completion [6] - The production of ethylene and chemical products reached historical highs, with chemical product sales increasing by 4.9% and new materials production up by 54.9% [6] Group 4: Sales and Market Expansion - The Company enhanced its marketing strategies, resulting in a 0.3% increase in domestic refined oil sales and a 1.5 percentage point increase in market share [7] - Sales of natural gas reached 151.5 billion cubic meters, a year-on-year increase of 2.9%, with domestic sales up 4.2% [7] Group 5: Technological Innovation - The Company emphasizes innovation as a primary development strategy, focusing on enhancing core competitiveness in oil and gas exploration, refining, and new energy sectors [8] - The implementation of the "Smart Oil" strategy aims to integrate digital technology with the energy industry, improving efficiency across the entire value chain [8]