中化新网讯 近日，北美咨询机构贝恩咨询发布的最新报告显示，尽管油气行业的整合仍在持续，其影 响辐射整个能源领域与宏观经济，但过去十年化石能源行业的并购活动并非广泛铺开，而是高度集中在 少数核心企业手中。 该报告指出，油气行业呈现"少数企业主导多数交易、创造核心价值"的格局，过去十年仅20家企业就贡 献了行业53%的并购交易总额，参与者不仅包括传统超级石油巨头，还涵盖戴蒙德巴克能源等独立企 业，以及ONEOK、能源传输等大型中游企业，这批非顶级巨头正不断蚕食市场，重塑行业格局。 频繁开展并购的企业还为股东带来了超额回报，过去十年每年至少完成一次并购的企业，股东回报较未 开展并购的企业高出130%，这一差距较十年前扩大了一倍多。究其原因，并购能帮助企业实现规模效 应，通过运营效率提升和基础设施整合降低单位成本，在油价自2022年高点回落的背景下，这一成本优 势尤为关键。 不过，针对未来并购趋势，北美咨询机构认为，受需求格局变化影响，油价波动加剧，并购热潮或将降 温并重新调整方向。安永分析师赫伯·利森表示，供需、价格、关税及地缘政治的持续不确定性，让运 营效率和资本纪律成为企业核心竞争力，唯有快速适应、战略投资并高 ...

Core Viewpoint - Shandong Xinchao Energy Co., Ltd. reported a significant decline in revenue and net profit for 2024, with a net profit of approximately 2.04 billion RMB and a negative retained earnings balance, leading to a proposal of no cash dividends for shareholders [2][3][13]. Company Overview - The company operates primarily in the exploration, development, and sales of oil and gas, with all assets located in the Permian Basin of Texas, USA [4][5]. - The company has undergone structural adjustments to enhance its oil and gas asset holdings and ensure sustainable development [4][5]. Financial Performance - In 2024, the company achieved a total revenue of 8.36 billion RMB, a decrease of 5.50% from the previous year [8][13]. - The net profit attributable to the parent company was 2.04 billion RMB, with a negative retained earnings balance of approximately -2.54 billion RMB at year-end [2][8]. - The company reported a basic earnings per share of 0.2993 RMB, down 21.59% from the previous year [10][13]. Industry Trends - International oil prices experienced a slight decline, with WTI closing at 72.44 USD per barrel at the end of 2024, a decrease of 1.40% from 2023 [3][4]. - The number of operational drilling rigs in the U.S. decreased to an average of 599 in 2024, down 12.81% from 2023 [4][5]. - The U.S. upstream oil and gas industry has shown strong merger and acquisition activity, indicating a trend of consolidation among major energy companies [4][5].