券商中国·2025-08-26 23:33Core Viewpoint - China National Petroleum Corporation (CNPC) plans to acquire three gas storage facilities for a total consideration of 40.016 billion yuan, which is expected to enhance the stability and high-quality development of its natural gas supply chain [1][4]. Financial Performance - In the first half of 2025, CNPC reported a net profit attributable to shareholders of 84.007 billion yuan, a decrease of 5.4% compared to 88.806 billion yuan in the same period last year [2]. - The company's total revenue for the same period was 1,450.099 billion yuan, down 6.7% year-on-year [2]. - The oil and gas and new energy segment generated revenue of 422.667 billion yuan, a decline of 6.3%, primarily due to falling crude oil prices and increased production [2]. - The average realized crude oil price was 66.21 USD per barrel, down 14.5% from 77.45 USD per barrel in the previous year [2]. - The refining and chemical segment's revenue decreased by 12.8% to 554.170 billion yuan, with operating profit dropping significantly [2]. Natural Gas Sales - In the first half of 2025, CNPC's natural gas sales reached 151.495 billion cubic meters, an increase of 2.9% from 147.217 billion cubic meters in the same period last year [5]. - Domestic natural gas sales were 119.767 billion cubic meters, up 4.2% from 114.937 billion cubic meters year-on-year [5]. - The natural gas sales segment reported revenue of 310.943 billion yuan, a growth of 4.3% compared to 298.079 billion yuan in the previous year, driven by increased domestic sales [5].