On April 29, Petrochina Company Limited(601857) released the first quarter report of 2022, which showed that during the reporting period, the company achieved a revenue of 779368 billion yuan, up 41.2% year-on-year; The net profit attributable to the parent company was 39.06 billion yuan, an increase of 40.9% year-on-year. So far, the performance report of “three barrels of oil” in the first quarter of 2022 has been disclosed.
“Three barrels of oil” achieved a total net profit of 95.965 billion yuan in the first quarter, equivalent to a daily profit of 1.066 billion yuan. Among them, Petrochina Company Limited(601857) has the highest earning ability, earning 436 million yuan a day. As for the increase in performance, Petrochina Company Limited(601857) said that it was mainly due to the rise in the price of oil and gas products, the increase in sales volume and the in-depth development of quality and efficiency improvement.
CNOOC’s performance growth in the first quarter was the best among the “three barrels of oil”. In the first quarter of 2022, the company realized a net profit attributable to the parent company of 34.3 billion yuan, a year-on-year increase of 131.67%. In the first quarter of this year, the company achieved a total net output of 151 million barrels of oil equivalent, a year-on-year increase of 9.64%. Among them, China’s net output was 109 million barrels of oil equivalent, up 15.4% year-on-year, mainly due to the production contribution brought by new projects such as Caofeidian 6-4, Liuhua 21-2 and deep sea No. 1 gas field.
In the first quarter of this year, China Petroleum & Chemical Corporation(600028) achieved a revenue of 771386 billion yuan, a year-on-year increase of 33.8%; According to the Chinese accounting standards for business enterprises, the net profit attributable to the parent company of Sinopec in the first quarter was 22.605 billion yuan, a year-on-year increase of 24.5%, equivalent to a daily profit of 251 million yuan.
In terms of exploration and development, in the first quarter, China Petroleum & Chemical Corporation(600028) oil and gas equivalent production was 121 million barrels, a year-on-year increase of 3.7%, and natural gas production was 313.94 billion cubic feet, a year-on-year increase of 7.7%. The exploration and development sector achieved an EBIT of RMB 11.463 billion, a year-on-year increase of 273.1%. In terms of refined oil products, China Petroleum & Chemical Corporation(600028) gave full play to the advantages of integration and marketing network, timely adjusted business strategies and dynamically optimized resource allocation. In the first quarter, the total sales volume of domestic refined oil products was 41.06 million tons, up 2.6% year-on-year. In the chemical sector, facing the severe situation of fierce competition and narrow gross profit, the company continued to promote the diversification of raw materials and timely optimize the unit load and product structure. In the first quarter, the output of ethylene was 3.606 million tons, a year-on-year increase of 6.7%, and the total operating volume of chemical products was 20.64 million tons, a year-on-year increase of 4.0%.
