Recently, China National Petroleum Natural Gas Co., Ltd. [abbreviated as "CNPC", announced that the first half year operating profit is 63.929 billion yuan, with 19.1% increase compared to same period last year. About shareholders’ net profit is 505 billion yuan, to achieve per share basic earnings 0.27 yuan, compared with 0.30 yuan the same period last year declined slightly. Total assets increased 7.9% compared with last year.
According to China National Petroleum board of directors and continue to belong to the shareholders of the Company in accordance with International Financial Reporting Standards in accordance with net profit of 45% of the payment of an interim dividend per share dividend of 0.12417 yuan (including tax).
To improve the operating conditions of structural adjustment
According to Petroleum Center Daily News show that from January 1 this year, starting in the oil business sections redrawn on refinery production and sales of the implementation of integrated management of chemicals. Among them, oil refining business to a new oil pricing mechanism as an opportunity to increase efficiency in a prominent position, the first half of a total of 52.69 million tons of crude oil, gasoline production 11.19 million tons, 1.03 million tons of kerosene, diesel oil 22.33 million tons. Chemicals produced 1.32 million tons of ethylene, synthetic resin, 2.03 million tons, 2.05 million tons of urea and taking advantage of marketing advantages, expand the marketing scope of promotional efforts to push the price of chemical products to achieve output of 8.19 million tons, with basically the same as a year earlier.
The report shows that, as of June 30 this year, refining and chemical segment realized an operating profit of 17.19 billion yuan, a record the highest level over the same period, in order to improve the company's business situation and make a positive contribution.
The report also showed that the oil refining strategic layout and construction of key projects have made important progress, Dushanzi million tons of petrochemical refineries, millions of tons of ethylene unit fully completed; million tons of petrochemical refining project in Guangxi, Tarim petrochemical fertilizer project, Urumqi Petrochemical aromatic hydrocarbon projects, etc. the smooth progress; Fushun Ethylene Project, Sichuan integrated petrochemical refinery projects under construction. The completion and commencement of construction of these facilities will also be in the future to further improve the company's business situation.
The development of international business, deal with the financial crisis
This year, the face of falling international crude oil prices, the domestic petrochemical market, shrinking demand, the grim situation of poor product sales, as well as the financial crisis has seriously affected the oil companies to actively develop the overseas oil and gas cooperation, and effective to promote the domestic onshore oil cooperation.
According to the oil bulletin showed that won the bid and the signing of the first half of the oil, including Iraq Rumaila field, including a number of overseas cooperation projects. Among them, the Oil Companies in Iraq and the United Kingdom the first round of the international oil and gas field, won the bid to obtain the right to Rumaila field operations to achieve in Iraq's oil and gas exploration and services, a major breakthrough in the market, expanding oil and gas region in Iraq, cooperation, and further enhance the security of the company's oil and gas resources supply capacity.
At the same time, the oil companies have also successfully carried out in Singapore and Osaka, Japan Petroleum refinery stake acquisition, access to the implementation of international strategy of the new platform will help further improve the industrial chain.
On this basis, the first half of the oil overseas business to achieve a net output of 50.97 million oil barrels of oil equivalent, an increase of 11.5%, accounting for 8.7% of total production, the company's contribution rate gradually increase.
International oil and gas trade, actively make innovations in the mode of operation, opening up the international shipping business continued to expand trade scale, have diminished to some extent in the international financial crisis on the oil companies impact.
