长江商报消息 ●长江商报记者 沈右荣 400.16亿元！中国石油（601857.SH，00857.HK）大手笔收购。 8月26日晚，中国石油发布公告，公司下属全资子公司太湖公司拟与相关合资方分别以现金出资，新设三家由太湖 公司控股的合资公司，合资公司拟合计出资400.16亿元收购三家储气库公司。 对于此次收购，中国石油称，完善产业布局，实现天然气产业链整体效益最大化。 公告显示，三家储气库公司均属于盈利资产，并表之后，将为中国石油贡献一定的利润。 8月26日晚，中国石油还同步披露了2025年上半年的业绩报告。上半年，公司实现营业收入1.45万亿元，同比下降 6.74%；归母净利润约为840亿元，同比下降5.42%。公司解释，受原油、成品油价格下降及油气产品销量变化综 合影响，营业收入出现下降。 2025年中期，中国石油拟派发现金红利约403亿元，占当期归母净利润的47.94%。 中国石油前十大股东中，2025年二季度，"国家队"中央汇金、证金公司持股没有变化，陆股通也没有减持。 油价下跌净利阶段性下降 受国际原油价格波动影响，中国石油的经营业绩阶段性承压，但符合预期。 半年报显示，2025年上半年，中国石油实 ...

本报8月27日讯(大众新闻记者 顾松 通讯员 孙万芹) 目前，胜利油田正加快天然气业务布局优化，推进 实施"天然气增产增效"和"天然气管网贯通"工程，计划利用三年时间解决天然气产用不平衡矛盾。 围绕天然气增产增效，胜利油田制订了9个零散气资源优化方案，河口、陈庄等区域零散气资源优化的6 个方案有序推进，预计全年可优化零散气资源7000余万立方米。 围绕天然气管网贯通，胜利油田规划以南北和东西两个方向为主，沿南北方向，更新孤东广天然气管 道，改造沿线处理站场，连通小清河以南油区，实现油区南北全贯通、管道沿线零隐患；沿东西方向， 向西连通滨南区域，完善供气通道，实现滨南稠油注汽用气区域全覆盖，提升自产气保供能力；向东论 证连通油田管网与永21储气库，促进储气库高效利用。 今年1月，油田下发区域资源优化实施意见；4月，成立轻烃与天然气管理领导小组及工作专班，推动开 展天然气优化工作。"总体目标是，通过持续优化挖潜，解决天然气产用不平衡矛盾，实现天然气'零外 购'，达到天然气生产经营效益最大化，有力支撑油田效益开发，促进油田高质量发展步伐更加稳健有 力。"胡金涛说。 据了解，随着页岩油勘探开发不断深入，油田天然气总产 ...

Core Insights - The "Big Three" oil companies in China reported a decline in profits due to falling crude oil prices, with China National Offshore Oil Corporation (CNOOC) experiencing a revenue drop of 8% and a net profit decrease of 13% [1] - CNOOC's net production of oil and gas increased by 6.1% year-on-year, reaching 384.6 million barrels of oil equivalent, aided by a significant rise in natural gas production [1][2] Financial Performance - CNOOC's revenue for the first half of the year was 207.6 billion yuan, while net profit was 69.5 billion yuan [1] - China National Petroleum Corporation (CNPC) reported a revenue of 1.45 trillion yuan, down 6.7%, and a net profit of 84 billion yuan, down 5.4% [1] - China Petroleum & Chemical Corporation (Sinopec) had a revenue of approximately 1.41 trillion yuan, a decrease of 10.6%, with net profit plummeting by 39.8% to 21.5 billion yuan [1] Exploration and Production - CNOOC made five new oil and gas discoveries and successfully evaluated 18 oil and gas structures during the reporting period [2] - The company achieved significant breakthroughs in exploration, including the first metamorphic rock exploration in the South China Sea [2] - CNOOC's domestic oil and gas production reached 266.5 million barrels of oil equivalent, a 7.6% increase, while overseas production was 118.1 million barrels of oil equivalent, up 2.8% [2] Production Composition - The company's oil and gas production comprised 77.0% and 23.0%, respectively, with oil liquid production increasing by 4.5% and natural gas production rising by 12.0% [3] Technological Advancements - CNOOC is focusing on technological innovation and digital transformation, achieving breakthroughs in geophysical exploration and complex reservoir management [3] - The company has implemented AI and satellite technology for precise oil spill tracing and efficient emergency response to typhoons, recovering over 600,000 tons of oil equivalent in production losses [3]

Core Insights - The U.S. energy companies have experienced a dramatic decline in their market presence in China, with coal imports dropping from 1.35 million tons per month to less than 1 ton within a year [3][5] - Tariffs have significantly eroded the price competitiveness of U.S. energy products, with shale oil production costs being approximately 30% higher than Russian oil [3][5] - The U.S. energy policy's inconsistency has led to a loss of trust among Chinese companies, prompting them to seek more stable supply sources [5][7] Group 1: Market Dynamics - In July, Russian oil accounted for 47% of China's total imports, marking a 16.8% year-on-year increase [7] - The "Power of Siberia" gas pipeline's annual gas supply to China surged by 20%, fulfilling 41% of China's natural gas demand [7] - China has signed long-term agreements with Middle Eastern oil-producing countries, including a $250 billion deal with Saudi Arabia for a decade of oil supply [7] Group 2: U.S. Energy Sector Crisis - A report from the Dallas Federal Reserve indicates that nearly 100 shale oil companies may face bankruptcy risks by mid-2025, with significant layoffs occurring in Texas oil fields [8] - Ethane exporters, heavily reliant on the Chinese market, are experiencing inventory buildup due to halted exports [8] - The U.S. is attempting to push its allies to purchase $750 billion worth of energy over three years, but European nations are resistant due to high U.S. energy prices [8][9] Group 3: Geopolitical Implications - Despite three rounds of trade negotiations, the energy deadlock between the U.S. and China remains unresolved, with tariffs still a major sticking point [9] - The U.S. Treasury Secretary's threats to impose secondary tariffs on Chinese purchases of Russian oil have backfired, accelerating the de-dollarization process in energy transactions [9][11] - China's control over 90% of global rare earth refining capacity poses a significant leverage point against U.S. military and tech industries, which are heavily dependent on these supplies [11][13]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) reported strong mid-year performance for 2025, with significant revenue and profit growth, alongside a robust increase in natural gas production [2][3]. Financial Performance - CNOOC achieved operating revenue of 207.608 billion RMB and a net profit attributable to shareholders of 69.5 billion RMB for the reporting period [2]. - The company declared an interim dividend of 0.73 HKD per share, totaling approximately 31.602 billion RMB [2]. Production and Exploration - The company's net production reached 384.6 million barrels of oil equivalent, marking a 6.1% year-on-year increase, with both domestic and international production exceeding historical levels [4]. - CNOOC made five new discoveries in domestic exploration, including significant finds in the Bohai Bay Basin and the Beibu Gulf Basin [3][4]. - Internationally, CNOOC signed oil contracts in Iraq and Kazakhstan, expanding its overseas exploration footprint [3]. Technological Advancements - CNOOC enhanced its research and development capabilities, implementing advanced seismic data collection and processing technologies, which improved exploration data quality [6]. - The company achieved a historical low natural decline rate of 9.5% in offshore oil fields through innovative technologies [6]. Environmental Initiatives - CNOOC made strides in clean production, utilizing energy-saving measures and renewable energy sources, achieving over 900 million kWh of green electricity generation [7]. - The company initiated its first CCUS project in the South China Sea, promoting a new model for marine energy recycling [7]. Strategic Outlook - CNOOC's chairman emphasized the company's commitment to high-quality development and safety in production, aiming to meet annual targets despite market fluctuations [7].

Core Viewpoint - The financial performance of China's major oil companies, including China National Offshore Oil Corporation (CNOOC), China National Petroleum Corporation (CNPC), and China Petroleum & Chemical Corporation (Sinopec), has been negatively impacted by declining crude oil prices, leading to decreased revenues and profits across the board [2][3]. Financial Performance - CNOOC reported a revenue of 207.6 billion yuan, a year-on-year decrease of 8%, and a net profit of 69.5 billion yuan, down 13%, primarily due to a 15.1% drop in the average Brent crude oil price [2]. - CNPC achieved a revenue of 1.45 trillion yuan, a decline of 6.7%, with a net profit of 84.0 billion yuan, down 5.4% [2]. - Sinopec's revenue was approximately 1.41 trillion yuan, a decrease of 10.6%, with a net profit of 21.5 billion yuan, a significant drop of 39.8% [2]. Production and Exploration - CNOOC's oil and gas net production reached 384.6 million barrels of oil equivalent, an increase of 6.1% year-on-year, with natural gas production rising by 12% [2][3]. - The company made five new oil and gas discoveries and successfully evaluated 18 oil and gas structures, showcasing significant exploration potential in the Bohai Bay Basin and the South China Sea [3]. - CNOOC's production from domestic waters was 266.5 million barrels of oil equivalent, up 7.6%, while overseas production was 118.1 million barrels of oil equivalent, an increase of 2.8% [3]. Technological Advancements - CNOOC is focusing on technological innovation and digital transformation, achieving breakthroughs in geophysical exploration and complex reservoir management [4]. - The company has implemented AI and satellite technology to enhance oil spill response and disaster management, recovering over 600,000 tons of oil equivalent from typhoon-related production losses [4].

Group 1: Financial Performance - In the first half of the year, China National Offshore Oil Corporation (CNOOC) reported a revenue of 207.6 billion yuan and a net profit attributable to shareholders of 69.5 billion yuan [1] - The average price of Brent crude oil was $71.7 per barrel, a decrease of 14.7% year-on-year, leading to a slight decline in profits for the "Big Three" oil companies [1] - The combined daily profit of the "Big Three" oil companies was approximately 970 million yuan in the first half of the year [1] Group 2: Production and Growth - CNOOC's net production reached 385 million barrels of oil equivalent, an increase of 6.1% year-on-year, with both domestic and international production exceeding historical levels [1] - China National Petroleum Corporation (CNPC) achieved a production of 924 million barrels of oil equivalent, a 2.0% increase year-on-year, with natural gas production hitting a historical high [1] - China Petroleum & Chemical Corporation (Sinopec) reported an oil and gas equivalent production of 263 million barrels, also a 2.0% increase year-on-year, with domestic production reaching a historical high [1] Group 3: New Energy Initiatives - CNPC's wind and solar power generation reached 3.69 billion kWh, a 70.0% increase from the previous year, and the company is actively pursuing carbon capture, utilization, and storage (CCUS) projects [2] - Sinopec is expanding its hydrogen energy and electric vehicle charging networks, aiming to transform into a comprehensive energy service provider [2] - CNOOC is integrating oil and gas production with new energy initiatives, including the launch of its first offshore CCUS project, promoting a new model of marine energy recycling [3]

格隆汇8月27日丨中国海油(600938.SH)公布2025年上半年业绩，公司上半年油气净产量达到3.85亿桶油 当量，同比增长6%，上半年实现营业收入2076.08亿元，同比下降8%；实现归母净利润695.33亿元，同 比下降13%。董事会决定派发中期股息每股0.73港元。公司在上半年面对国际油价波动的挑战，通过科 技创新和绿色转型拓展发展空间，并在国内外油气勘探方面取得多项新发现。 ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) demonstrated strong resilience in the first half of 2025, achieving a net profit of 69.5 billion yuan despite a 15.1% decline in Brent crude oil prices, showcasing its ability to maintain stable development amid cyclical challenges [1][4]. Group 1: Performance Metrics - Total operating revenue reached 207.608 billion yuan, with a net profit attributable to the parent company of 69.5 billion yuan, reflecting a 13% decrease year-on-year [1]. - Oil and gas net production hit 384.6 million barrels of oil equivalent, marking a 6% increase year-on-year, with significant contributions from both domestic and international production [2]. - Natural gas production rose to 14.64 billion cubic meters, a substantial 12% increase compared to the previous year, outperforming industry averages [3]. Group 2: Strategic Initiatives - CNOOC's strategy focuses on stabilizing mature oil fields, accelerating new oil field development, expanding low-permeability oil, and enhancing natural gas production, which has led to record production levels [2]. - The company has made significant advancements in exploration, with five new discoveries and successful evaluations of 18 oil and gas structures, expanding its international resource base [5]. - CNOOC plans to invest between 125 billion to 135 billion yuan in capital expenditures for 2025, ensuring robust support for production targets and sustainable development [5]. Group 3: Cost Management and Innovation - The average cost per barrel of oil equivalent remained competitive at 26.94 USD, slightly lower than the previous year, underpinning the company's profitability [3]. - CNOOC employs a cost-leading strategy, integrating lifecycle management and benchmarking against top international firms to maximize efficiency [3]. - Technological innovations, such as advanced geophysical techniques and smart injection technologies, have significantly improved resource utilization and reduced extraction costs [6]. Group 4: Long-term Growth and Investment Value - CNOOC's dual focus on production growth and lean cost control breaks the traditional reliance on oil prices for profitability, achieving a net profit decline smaller than the oil price drop [4]. - The company is committed to enhancing shareholder returns, with a dividend payout ratio set to exceed 45% from 2025 to 2027, and plans to distribute an interim dividend of 0.73 HKD per share [8]. - Institutional recognition of CNOOC's growth potential is increasing, with analysts highlighting its ability to navigate oil price cycles and its strong cost control capabilities [9].

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) reported a resilient performance in the first half of 2025, achieving a total revenue of 207.6 billion yuan and a net profit attributable to the parent company of 69.5 billion yuan, despite a 15.1% decline in Brent crude oil prices [2][5] Group 1: Performance Metrics - The company achieved a net oil and gas production of 384.6 million barrels of oil equivalent, a year-on-year increase of 6% [3][5] - Natural gas production reached 14.64 billion cubic meters, reflecting a significant year-on-year growth of 12% [4][5] - The cost per barrel of oil equivalent remained competitive at $26.94, slightly lower than the previous year [4][5] Group 2: Strategic Initiatives - CNOOC's strategy focuses on stabilizing mature oil fields, accelerating new oil field development, expanding low-permeability oil, and enhancing natural gas production [3][4] - The company successfully launched key projects such as the Bohai Zhong 26-6 oil field and the Wenchang 9-7 oil field, contributing to production growth [3][4] - CNOOC is actively pursuing technological innovation to enhance resource utilization efficiency and reduce costs [4][7] Group 3: Long-term Growth and Investment Value - CNOOC's long-term strategy emphasizes resource expansion, technological innovation, and green development, with a planned capital expenditure of 125 to 135 billion yuan for 2025 [6][9] - The company aims to increase its dividend payout ratio to no less than 45% from 2025 to 2027, enhancing shareholder returns [9][10] - CNOOC is well-positioned to benefit from rising global energy security demands while exploring new growth areas through strategic innovation [10][11]