Ge Long Hui A P P·2025-10-30 15:39Core Viewpoint - China Petroleum (601857.SH) reported a slight increase in revenue for Q3 2025, but a decline in net profit, indicating mixed performance in its financial results [1] Financial Performance - Revenue for Q3 2025 reached 719.157 billion yuan, a year-on-year increase of 2.3% [1] - Net profit attributable to shareholders was 42.286 billion yuan, down 3.9% year-on-year [1] - Net profit excluding non-recurring gains and losses was 42.758 billion yuan, a decrease of 2.2% year-on-year [1] Production and Operations - Crude oil production for the first three quarters was 714 million barrels, an increase of 0.8% year-on-year [1] - Domestic crude oil production was 591 million barrels, up 1.0% year-on-year, while overseas production was 123 million barrels, showing slight growth [1] - Marketable natural gas production reached 39.8 trillion cubic feet, a year-on-year increase of 4.6% [1] - Domestic marketable natural gas production was 38.6 trillion cubic feet, up 5.2% year-on-year [1] - Total oil and gas equivalent production was 1.377 billion barrels, a year-on-year increase of 2.6% [1] Cost Management and Profitability - The unit operating cost for oil and gas was 10.79 USD per barrel, a decrease of 6.1% year-on-year [1] - The combined operating profit from oil, gas, and renewable energy businesses was 125.103 billion yuan [1] Renewable Energy Development - Cumulative power generation from wind and solar projects reached 5.79 billion kilowatt-hours, representing a significant year-on-year increase of 72.2% [1]