Core Viewpoint - China Petroleum & Chemical Corporation reported a decrease in revenue and net profit for the first half of 2025, while focusing on enhancing domestic oil and gas production and optimizing its asset structure [1][2][3] Group 1: Financial Performance - The company achieved operating revenue of RMB 1,450.99 billion, a year-on-year decrease of 6.7% [1] - Net profit attributable to shareholders was RMB 84.007 billion, down 5.4% year-on-year [1] - Basic earnings per share were RMB 0.46 [1] Group 2: Domestic Oil and Gas Operations - Domestic crude oil production reached 395.2 million barrels, a 0.6% increase from 392.8 million barrels in the same period last year [1] - Marketable natural gas production was 2,602.6 billion cubic feet, up 4.7% from 2,486.8 billion cubic feet [1] - Total oil and gas equivalent production was 828.9 million barrels, a 2.7% increase from 807.3 million barrels [1] Group 3: Overseas Oil and Gas Operations - Overseas crude oil production was 81.2 million barrels, a decrease of 1.0% from 82.0 million barrels [2] - Marketable natural gas production fell to 81.0 billion cubic feet, down 16.8% from 97.4 billion cubic feet [2] - Total oil and gas equivalent production from overseas was 94.7 million barrels, a decline of 3.6% from 98.2 million barrels, accounting for 10.3% of the company's total production [2] Group 4: New Energy Business - The company secured new wind and solar power generation capacity of 16.38 million kilowatts and signed geothermal heating contracts covering 5.542 million square meters [3] - Wind and solar power generation reached 3.69 billion kilowatt-hours, a 70.0% increase from 2.17 billion kilowatt-hours in the same period last year [3] - The company captured and utilized 130.5 thousand tons of carbon dioxide, achieving enhanced oil recovery of 30 thousand tons [3]