Board and Management Mr. WANG Dongjin Vice Chairman and President Mr. SUN Longde Vice President Mr. YU Yibo Chief Financial Officer Mr. WU Enlai Secretary to the Board of Directors 333 3
Agenda Welcome Remarks by President 2014 Annual Results & 2015 Business Outlook Q&A Session 444 4
Welcome Remarks by President
Welcome Remarks by President Review of 2014 1 Focused on resources strategy, oil and gas production hit record highs Crude Output Marketable Natural Gas Output MM bbl Bln cf 3,028.8 945.5 932.9 2,801.9 916.5 2,558.8 886.1…
Welcome Remarks by President Review of 2014 3 Implemented performance- based compensation 70% linked to total profit Salary scheme, giving greater increment 30% linked to return on incentive for Performance-based investment capital…
Welcome Remarks by President Overall Strategy for 2015 Global economic International Chinas Growth in recovery oil prices economy domestic oil remains slow languishes at enters a New and gas low levels with Normal demand…
Welcome Remarks by President Stepping Up efforts in Five Areas in 2015 I Continue to cut investment scale II Adhere to low-cost development Financial Review Enhance performance-based compensation and III incentive schemes…
Welcome Remarks by President Development Goals Hold ourselves accountable to shareholders and overcome challenges in an innovative manner Accelerate business restructuring, deepen reforms and promote innovation-driven…
Oil and Gas Reserves Maintained Peak Growth Key Domestic Exploration Discovery Regions Strategic discoveries and key results: Junggar Basin Songliao Basin Erdos Basin: Sulige, Longdong, Northern Tarim Basin Shaanxi, Jiyuan…
Crude and Natural Gas Output Hit Record High Crude Output MM bbl Marketable Natural Gas Output Bln cf Domestic production Domestic production Overseas net production Overseas net production 3,028.8 932.9 945.5 149.5 122.3 2,801.9…
Exploration and Production Profit from Operations Factors Affecting Profit from Operations RMB Million 189,698 11,863 186,897 1,635 -16,299 2013 Pricing Sales Volume Operating Expenses 2014 15 15 15 15
Refining and Chemicals Production Maintained Optimized Operations with Significant Improvements Made Crude Processing Volume Production of Major Oil Products 000 tons 000 tons 134,288 136,767 2013 2014 Change +1.8% Gasoline 29,294…
Refining and Chemicals Profit from Operations Factors Affecting Profit from Operations Refining Factors Affecting Profit from Operations Chemicals RMB Million Refining Gross Profit Prossessed Operating Refining Chemicals Pricing…
Sales of Oil Products in Light of Market Needs Major Oil Products Sales Volume Nationwide Oil Product Sales Network Sales network coverage 000 tons 2013 2014 Change Sales of Refined Oil Products 159,133 160,878 1.1% Including:…
Marketing Profit from Operations Factors Affecting Profit from Operations RMB Million 7,562 1,836 5,421 -2,668 -1,309 2013 Gross Profit Sales Volume Operating Expenses & 2014 Others 19 19 19 19
Construction of Key Pipelines and Storage Facilities Made Steady Progress with Enhanced Profitability of Natural Gas Sales Key Domestic Pipelines West section of the 3rd West-East gas pipeline, Hohhot-Baotou-Erdos refined oil pipeline…
Natural Gas and Pipeline Profit from Operations Factors Affecting Profit from Operations RMB Million 6,852 406 28,888 -4,292 13,126 -18,728 2013 Domestic Gas Imported Gas Gas Business Others 2014 21 21…
Overseas Business Achieved New Breakthrough in International Cooperation and Made Steady Progress Overseas Oil & Gas Exploration & Production Areas Overseas Oil & Gas Net Production MM boe 136.5 147.2 Russia Canada United Kingdom…
Continued to Enhance Safety and Environmental Protection, Achieving an Overall Stability Reduced consumption of 1.16 million tons of standard coal Reduced consumption of 19.79 million cubic meters of water Reduced emissions of…
Financial Position Total Assets Free Cash Flow as of 31 Dec RMB Million RMB Million 2,405,473 49,926 2,342,110 +2.7% +65,497 2013 2014 2013 2014 -15,571 24 24 24 24
2014 Dividend Distribution 2013-2014 Dividend Comparison RMB 2014 annual dividend policy 0.31865 remains unchanged, with dividend 0.26297 payout ratio at 45% The Board of Directors has resolved to pay a final dividend of…
2015 Business Outlook
Enhance Overall Optimization, Emphasize Reforms and Innovation Driven, and Focus on Low-cost Development Adopt production and operation principles with higher flexibility and efficiency Further optimize structure and pace of…
Organize Oil and Gas Exploration and Production on a Scientific Basis, Explore for Large-scale Reserves, and Produce Economic Output Give priority to resources exploration to increase recoverable scaled reserves Strengthen cost…
Optimize Operation and production and Strive to Reduce Losses and Increase Profitability in Refining and Chemicals Segment Strengthen production optimization, and properly allocate processing resources Accelerate assets structure…
Focus on Boosting Marketing Efficiency and Profitability Create High-Margin Terminal for Oil Products Optimize resources allocation and improve profitability of value chain Adopt flexible marketing strategies to proactively expand…
Step up Efforts in Market Development, Maintain Rapid Growth of Natural Gas and Pipeline Business Strengthen the linkage of resources and markets, coordinate domestic and imported gas, and strive to enhance the operational efficiency…
Enlarge International Oil and Gas Cooperation, and Promote Quality and Profitability of Overseas Business Promote the construction of five oil and gas cooperation zones, introduce overseas resources and achieve integrated cooperation…
Enhance Safety and Environmental Protection Strengthen the promotion and implementation of Production Safety Law and Environmental Protection Law Continue to focus on reducing potential risks of long-distance oil and gas…
Loading...
