Ge Long Hui·2025-09-09 08:25Core Viewpoint - China Petroleum reported a net profit attributable to shareholders of 83.993 billion yuan in the first half of the year, a year-on-year decrease of 5.4% due to declining international oil prices, but demonstrated strong resilience through production increases, efficiency improvements, and cost control [1] Financial Performance - The company plans to distribute an interim dividend of 0.22 yuan per share (before tax), totaling cash dividends of 40.265 billion yuan (before tax), with a dividend payout ratio of 48% [1] - The capital expenditure for the first half of 2025 is projected to be 64.23 billion yuan, with 77% allocated to oil, gas, and new energy sectors [1] - The total capital expenditure budget for the entire year of 2025 is set at 262.2 billion yuan [1] Investment Value - The company's consistent high-level cash dividends reflect its commitment to shareholder returns and highlight the investment value of state-owned enterprises [1] - As a leading player in the domestic oil and gas industry, the company's operational resilience and ongoing dividend payments reinforce its attractiveness to investors [1]