Sou Hu Cai Jing·2025-09-26 02:15Core Viewpoint - The development of China National Petroleum Corporation (CNPC) over the past 75 years has transformed China from a poor oil country to a major oil power, significantly contributing to the country's industrialization and energy security [2][15]. Group 1: Transformation and Strategic Goals - The 18th National Congress initiated a comprehensive transformation of the energy sector, with a focus on building a world-class enterprise and implementing the "Four Revolutions and One Cooperation" energy security strategy [3][4]. - CNPC has made significant advancements in various fields, including deep earth exploration, shale oil revolution, and green hydrogen initiatives, showcasing its commitment to clean energy and technological innovation [3][4][15]. - The company aims to enhance its international competitiveness and ensure energy supply security through a series of transformative practices and strategic goals during the 14th Five-Year Plan period [4][16]. Group 2: Achievements and Economic Contributions - CNPC has successfully implemented the "Seven-Year Action Plan for Increasing Reserves and Production," achieving a production equivalent of over 100 million tons in domestic oil, natural gas, and overseas equity [4][16]. - The company's net profit is projected to triple compared to 2020, with significant increases in labor productivity and economic value added, reinforcing its position as a leading state-owned enterprise [4][16]. - During the 14th Five-Year Plan, CNPC's total assets grew from less than 70 trillion yuan to over 90 trillion yuan, with total profits increasing from 1.9 trillion yuan to 2.6 trillion yuan, reflecting a robust growth trajectory [4][16]. Group 3: Historical Context and Future Outlook - The history of CNPC is marked by significant milestones, including the establishment of centralized management in 1950 and the discovery of major oil fields, which have been pivotal in transforming China into a net oil exporter by 1978 [5][17]. - The company embodies the spirit of perseverance and dedication, as exemplified by the "Iron Man" Wang Jinxi, and has been recognized for its contributions to national energy security and industrial development [6][17]. - Looking ahead, CNPC is positioned to play a crucial role in ensuring energy supply and supporting China's modernization efforts amidst global energy transitions and geopolitical challenges [8].