“三桶油”利润集体下跌，仍豪掷1600亿元分红

Core Viewpoint - The performance of China's "Big Three" oil companies (China National Petroleum Corporation, Sinopec, and China National Offshore Oil Corporation) showed a decline in both revenue and profit for the year 2025, with a total net profit of 311.19 billion yuan and a planned dividend payout of 165.18 billion yuan [1]. Group 1: Performance Overview - In 2025, the "Big Three" oil companies experienced varying degrees of performance decline due to falling international oil prices, with China National Petroleum Corporation reporting a revenue of 2.86 trillion yuan, a decrease of 2.5%, and a net profit of 157.30 billion yuan, down 4.48% [3]. - Sinopec's revenue fell to 2.78 trillion yuan, a drop of 9.46%, with a net profit of 31.81 billion yuan, down 36.78%, marking four consecutive years of decline [3]. - China National Offshore Oil Corporation reported a revenue of 398.22 billion yuan, a decrease of 5.3%, and a net profit of 122.08 billion yuan, down 11.49%, despite achieving a record high in oil and gas production [3]. Group 2: Dividend Payouts - Despite the decline in performance, the "Big Three" maintained substantial dividend payouts, totaling 165.18 billion yuan to reward investors [4]. - China National Petroleum Corporation announced a total dividend of 0.47 yuan per share (before tax), amounting to 86.02 billion yuan, with a payout ratio of 54.7% [4]. - Sinopec declared a dividend of 0.20 yuan per share (before tax), totaling 24.21 billion yuan, with a cash dividend ratio of 81% after buybacks, the highest among the "Big Three" [4]. - China National Offshore Oil Corporation's dividend was set at 1.28 Hong Kong dollars per share (before tax), totaling approximately 54.95 billion yuan, with a payout ratio of 45% [4].