News Information

China National Petroleum Corporation announced on March 30 that its operating performance in 2024 maintained growth, setting a new historical high for the third consecutive year despite a 2.5% year-on-year decline in oil prices. The company achieved operating revenue of 2.9 trillion yuan (RMB, the same below). The net profit attributable to shareholders of the parent company was 164.68 billion yuan, up 2.0% year-on-year.

In 2024, China National Petroleum Corporation (CNPC) achieved remarkable results in increasing oil and gas reserves and production, with the equivalent output continuing to grow. A number of major breakthroughs and important discoveries have been made in the Tarim Basin, Sichuan Basin, Junggar Basin, Ordos Basin and Songliao Basin. We will systematically promote the construction of production capacity projects such as Bayan and Sulige, and coordinate efforts to build efficient production in new areas, maintain stable and efficient production in old areas, and increase production through meticulous management. We will also advance the large-scale and efficient development of unconventional oil and gas. Crude oil production will increase steadily, and natural gas production will maintain a relatively fast growth rate, with its proportion in oil and gas equivalent production continuously rising. In 2024, the equivalent output of oil and gas was 240 million tons, representing a year-on-year growth of 2.2%. Domestic oil and gas equivalent production was 220 million tons, up 2.5% year-on-year, among which crude oil production was 110 million tons, up 0.4% year-on-year. The output of saleable natural gas was 140.36 billion cubic meters, increasing by 4.6% year-on-year. Concentrate superior forces to accelerate the development of new energy business. In 2024, the wind and solar power generation will reach 4.72 billion kilowatt-hours, the newly added wind and solar power generation capacity will be 4.954 million kilowatts, and the newly signed geothermal heating contract area will be 75.12 million square meters. The oil and gas new energy business achieved an operating profit of 159.75 billion yuan.

Key transformation and upgrading projects under China National Petroleum Corporation, such as Jilin Petrochemical and Guangxi Petrochemical, are advancing in an orderly manner. The high-end polyolefin project of Blue Ocean New Materials has been officially launched. In 2024, the sales volume of petrochemical products in China will increase significantly, with 190 million tons of crude oil processed. Produce 120 million tons of refined oil products; The commercial volume of chemical products was 38.981 million tons, increasing by 13.6% year-on-year. The output of new chemical materials was 2.045 million tons, up 49.3% year-on-year. The refining and chemical new materials business achieved an operating profit of 21.39 billion yuan. ' '

The annual report shows that in 2024, China National Petroleum Corporation sold a total of 160 million tons of gasoline, kerosene and diesel. Domestic sales of gasoline, kerosene and diesel reached 120 million tons. The sales business achieved an operating profit of 16.49 billion yuan. Sales of natural gas reached 287.75 billion cubic meters, increasing by 5.2% year-on-year. Domestic sales of natural gas reached 227.83 billion cubic meters, increasing by 3.7% year-on-year. The natural gas sales business achieved an operating profit of 54.01 billion yuan.commissioning of the project. Strengthen the guarantee of personnel for trial operation, carry out theoretical training, simulation training and internships on similar equipment for production operators, and improve their theoretical level and operational skills. We should ensure the supply of materials, establish stable and reliable procurement channels, strictly control procurement costs, and guarantee that crude oil, coal, start-up materials, chemicals, spare parts and other supplies meet the requirements for the trial operation of the project. Whether the project construction can be successfully completed depends on whether all the builders can take more determined steps forward, brave the wind and waves, and pass on the baton to move forward. Can we, with the momentum of breaking through the clouds and fog, write a glorious chapter in the mechanical completion and production preparation of the project on the journey of the decisive year?

After two years of braving wind and rain, the flower of hope nurtured by sweat is now ready to bloom on this fertile land. When the wind at the mouth of the Liao River sweeps over Tallin, it plays a symphony of progress for the revitalization of Liaoning in the new era. This "pearl of the chemical industry", set on the shore of Liaodong Bay, illuminates the grand future of high-quality development for Huajin Group. It can be expected that the future of the enterprise will surely shine with even more brilliant light!