Core Viewpoint - The appointment of Zhang Chuanjiang as the new chairman of CNOOC marks a significant leadership change during a critical phase of the company's "14th Five-Year" strategic plan, focusing on capital expenditure and green energy initiatives [1][2]. Group 1: Leadership Change - CNOOC announced the appointment of Zhang Chuanjiang as chairman and party secretary, following the departure of former chairman Wang Dongjin [1]. - Zhang Chuanjiang has a background in coal-to-oil and coal chemical industries, with previous roles in major energy companies, including China Shenhua [1][2]. - Notably, Zhang is the only current leader among the "Big Three" oil companies who has not spent a long tenure within the oil and gas sector [2]. Group 2: Strategic Focus - CNOOC's annual plan for 2025 includes a capital expenditure forecast of 125 to 135 billion yuan and an oil and gas production target of 760 to 780 million barrels of oil equivalent [2]. - The company aims to implement a green low-carbon strategy, emphasizing offshore renewable energy and the integration of offshore wind power with oil and gas production [2].

Group 1 - Zhang Chuanjiang has been appointed as the new chairman and party secretary of China National Offshore Oil Corporation (CNOOC), previously serving as the general manager and party deputy secretary of China Datang Corporation [1][2] - The position of CNOOC chairman had been vacant for over a month prior to Zhang's appointment, following the removal of former chairman Wang Dongjin from his roles [1] - Zhang Chuanjiang has extensive experience in coal-to-oil and coal chemical industries, having held various technical and managerial positions in these fields [1] Group 2 - Zhang is the only current leader among the "Big Three" oil companies who has not spent a long tenure within the oil and gas sector, contrasting with his peers who have over 30 years of experience [2] - CNOOC is at a critical stage of implementing its 14th Five-Year Plan, with projected capital expenditures of 125 to 135 billion yuan and oil and gas production targets of 760 to 780 million barrels of oil equivalent by 2025 [2] - The company aims to enhance its green low-carbon strategy, focusing on offshore renewable energy and integrating offshore wind power with oil and gas production, while advancing CCS/CCUS industrialization [2]