PetroChina's revenue of 1933.84 billion yuan in 2020, chemical profits increased by 220% year-on-year

On March 25, China National Petroleum Corporation (hereinafter referred to as "PetroChina") announced that the company's domestic oil and gas equivalent output in 2020 will increase by 4.

PetroChina stated that in 2020, the company's development will seize the favorable opportunity of China's first positive economic growth in the world, give full play to the comparative advantages of oil and gas industry chain coordination and complementarity, vigorously implement special actions to improve quality and efficiency, and respond to the epidemic with unconventional measures In response to the impact of low oil prices, we vigorously implemented a green and low-carbon transformation and achieved better-than-expected operating results.

PetroChina vigorously implements special actions to improve quality and efficiency, insist on careful planning in operation, intensive cultivation in production, meticulous management in management, and excellence in technology, maintaining pressure to optimize investment structure, improve asset quality, maintain stable financial status, and cash flow status Good, free cash flow continued to be positive, and unit oil and gas operating costs fell by 8.

In the past year, PetroChina has vigorously promoted the improvement of the quality and efficiency of its core business, and the production indicators of various business segments have increased steadily.

Refining and chemical businesses adhere to market orientation, continue to optimize production layout and product structure, reduce processing costs, and increase production of high value-added products.

The sales business actively responded to the severe challenges of shrinking market demand and high inventory, strengthened fine management, closely linked production and sales, adjusted marketing strategies in a timely manner, increased sales of pure guns, implemented differentiated and refined management, and strived to improve marketing quality and price in place.

The natural gas business actively developed new users, implemented precise policies to expand sales, coordinated key regions and large-scale users to increase gas consumption, accelerated the development of self-owned terminals and direct supply of new customers, and achieved steady growth in sales, focused on reducing the cost of imported resources, and continued improvement in operating conditions.

In the past year, PetroChina focused on high-quality development, continuously improved its sustainable development capabilities, upgraded the HSE Committee of the Board of Directors to the Sustainability Committee, established a sustainable development management mechanism, and strived to enhance the company's value.

　　According to the plan, PetroChina will seize opportunities for the development of low-carbon transformation of the energy industry, actively deploy clean production and green and low-carbon business models, and strive to achieve "carbon peak" by 2025 and "near-zero" emissions by 2050.
Contribute to the realization of the global "carbon peak" and "carbon neutral" goals.
In 2021, PetroChina will focus on developing its main business, continue to promote green and low-carbon transformation, focus on digital transformation and intelligent development, continue to in-depth development of quality and efficiency, and strive to create greater value for shareholders.
(Yu Na)

Transfer from: China Industry News

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