Ge Long Hui·2025-11-13 07:46Core Viewpoint - China Petroleum's net profit for the first three quarters of 2025 reached 126.294 billion yuan, a year-on-year decrease of 4.9%, with the third quarter net profit at 42.287 billion yuan, down 3.9% [1] Financial Performance - Oil and gas production saw a slight increase, and cost reduction and efficiency improvements led to better performance in oil, gas, and new energy businesses compared to oil price fluctuations [1] - Chemical product prices declined, but refining operations improved the performance of the refining and chemical segments [1] - Increased sales and effective procurement cost control contributed to the sustained profitability of the natural gas sales business [1] Shareholder Returns - The company emphasizes shareholder returns, showcasing confidence through share buybacks [1] - A stable cash dividend policy is maintained, with a mid-2025 dividend of 0.22 yuan per share, totaling approximately 40.265 billion yuan in dividends [1] - The company maintains a "buy" rating [1]