"Three barrels of oil" outstanding performance in the first three quarters

It is reported that last week, PetroChina, Sinopec, and CNOOC released their results for the first three quarters one after another
.
In the first three quarters, PetroChina's revenue was 1.
88 trillion yuan, Sinopec's revenue was 2 trillion yuan, CNOOC's revenue was 163.
664 billion yuan, and the total revenue of "three barrels of oil" exceeded 4 trillion yuan
.
It is worth noting that the total revenue of "Three Barrels of Oil" in 2020 totaled 4.
2 trillion yuan
.
This means that the "three barrels of oil" in the first three quarters of this year almost completed the total revenue of last year
.

In the first three quarters of this year, PetroChina achieved operating income of 1.
88 trillion yuan, a year-on-year increase of 31.
8%; net profit attributable to shareholders of the parent company was 75.
126 billion yuan, a year-on-year increase of 646.
3%
.
The company's domestic crude oil production was 562 million barrels, a year-on-year increase of 0.
3%; domestic marketable natural gas production was 3.
14 trillion cubic feet, a year-on-year increase of 7.
9%; domestic oil and gas equivalent production was 1.
085 billion barrels, a year-on-year increase of 3.
8%
.
The exploration and production business realized an operating profit of 58.
369 billion yuan, a year-on-year increase of 191.
8%
.

The company continued to promote efficient exploration and development, resulting in a substantial increase in operating profit
.
In the first three quarters, the company processed a total of 912 million barrels of crude oil, a year-on-year increase of 3.
9%, produced 81.
327 million tons of gasoline, kerosene, and diesel, a year-on-year increase of 1.
4%, and the volume of chemical products was 22.
695 million tons, a year-on-year increase of 5.
5%
.
The refining and chemical business realized an operating profit of 31.
99 billion yuan, a year-on-year increase of 33.
658 billion yuan
.
Among them, the chemical business contributed an operating profit of 11.
857 billion yuan, which was the best level in history
.

Sinopec's operating income in the first three quarters was 2 trillion yuan, a year-on-year increase of 29%; net profit attributable to the parent company was 59.
892 billion yuan, a year-on-year increase of 154.
9%
.
In the first three quarters, Sinopec's natural gas production increased by 13.
7% year-on-year; processed crude oil was 191 million tons, up 9.
3% year-on-year; ethylene production was 9.
75 million tons, up 10.
2% year-on-year; domestic sales of refined oil products totaled 128 million tons, up 3.
8% year-on-year
.

In terms of exploration, Sinopec has made a number of new oil and gas discoveries in the Tarim Basin, Sichuan Basin and Ordos Basin
.
At the same time, major breakthroughs have been made in the exploration of continental shale oil in the Bohai Bay, Sichuan and Subei Basins
.
In terms of development, efforts were made to increase the production and production of key natural gas and crude oil projects.
In the first three quarters, natural gas production increased by 13.
7% year-on-year, while domestic crude oil production remained flat year-on-year
.
In terms of oil refining, the company increased the production of high value-added products and special products, built 6 sets of hydrogen purification units, developed high-end needle coke products, and ranked first in the domestic market share of low-sulfur ship fuel; in terms of chemicals, the output of ethylene in the first three quarters was 9.
75 million tons , a year-on-year increase of 10.
2%
.
The total operating volume of chemical products in the first three quarters was 60.
77 million tons
.

CNOOC's revenue in the first three quarters was 163.
664 billion yuan, a year-on-year increase of 56.
3%
.
In the third quarter of this year, CNOOC achieved a total net production of 144.
1 million barrels of oil equivalent, a year-on-year increase of 9.
9%
.
Among them, domestic net production reached 100.
1 million barrels of oil equivalent, a year-on-year increase of 13.
0%, mainly due to the commissioning of new projects such as Caofeidian 6-4 oilfield and Lvda 21-2 oilfield, as well as the contribution from onshore unconventional gas fields; overseas net production was 43.
9 million million barrels of oil equivalent, up 3.
2% year-on-year
.

During the period, CNOOC made a total of 9 new discoveries and successfully evaluated 13 oil and gas bearing structures
.
Among them, the Kenli 10-2 structure in the Chinese waters has made a large commercial discovery, with proven geological reserves reaching 100 million tons; Bozhong 28-1 has newly added proven geological reserves of over 10 million tons; Baodao 21-1 structure evaluation has made positive progress ; Overseas, three new discoveries of Whiptail, Pinktail and Turbot-2 were made in the Stabroek block of Guyana
.
In terms of development and production, the company has successfully put into production Lvda 29-1 Oilfield, Liuhua 21-2 Oilfield, Lvda 6-2 Oilfield, Bozhong 26-3 Oilfield Expansion Project, Qinhuangdao/Caofeidian Shore Power Project and Bozhong 19-4 Oilfield 6 new items including adjustment items
.