Core Insights - The financial results of China's three major oil companies, namely China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec), and China National Offshore Oil Corporation (CNOOC), have been disclosed, showing a total net profit of 174.99 billion yuan for the first half of the year, equivalent to approximately 9.6 million yuan per day [2] Financial Performance - CNPC reported a net profit of 84.01 billion yuan, Sinopec reported 21.48 billion yuan, and CNOOC reported 69.5 billion yuan, contributing to the total net profit [2] - The net profits of these companies have decreased by 5% to 40% compared to the same period last year, resulting in a total profit reduction of 29.05 billion yuan, which translates to a daily loss of about 1.6 million yuan [2]