Disclaimer This presentation contains forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward-looking terminology such as believe, expect, anticipate,…
Management Mr. ZHOU Jiping Vice Chairman & President Mr. ZHOU Mingchun Chief Financial Officer Mr. LI Hualin Vice President & Secretary to the Board of Directors Mr. HUANG Weihe Chief Engineer, General Manager of…
Agenda 1. Welcome Remarks by President 2. 2011 . Interim Results Presentation 3. Q&A Session 4
2011 Interim Results Highlights
Implemented Three Major Strategies - Resources, Market and Internationalization - and Achieved Steady Growth Pushed forward balanced Coordinated and optimized the production, transportation, allocation of domestic and sales and…
New Oil & Gas Discoveries Key Exploration Discovery Regions Hailar Basin New domestic oil & gas discoveries: Junggar basin Songliao Basin Sichuan Basin: Central Sichuan areas Bohai Bay Basin: Niudong buried hill reservoir at…
Oil and Gas Production Realized Stable and Rapid Growth Crude Output Marketable Natural Gas Output Bln cf MM bbl Domestic production Domestic production 1,185.9 445.8 1,125.8 Overseas net production Overseas net production…
Coordinated, Stabilized and Optimized R&C Production According to Market Changes Crude Processing Volume Production of Major Oil Products 000 tons 000 tons 66,510 59,431 000 tons 1H 2010 1H 2011 Change +11.9% Gasoline 10,973…
Meticulous Management Continues to be Promoted in Oil Product Sales with Scale, Capability and Quality Further Enhanced Major Oil Products Sales Volume Nationwide Oil Product Sales Network Sales network coverage Unit: 000 tons 1H…
Stable Progress in Construction of Major Oil & Gas Pipelines Notable Enhancement in Oil & Gas Resources Transportation and Allocation The construction of the trunk of 2nd West-East Gas Pipeline was fully completed and commenced…
Overseas Oil & Gas Production Volume Grew Rapidly Overseas Oil & Gas Exploration & Production Areas Overseas Oil & Gas Net Production MM boe 61.9 50.6 +22.3% Canada United Kingdom France Azerbaijan Kazakhstan Iraq China…
Proactively Strengthened Safety and Environmental Protection Dedicated to Energy and Creating Harmony Achieved savings of 550,000 tons of standard coal and 10.59 million cubic meters of water in 1H 2011, representing 61% and 66% of…
Natural Gas & Pipeline Profit from Operations Factors Affecting Profit from Operations - Natural Gas & Pipeline RMB Million 7,600 -19,305 11,220 11,215 10,730 1H 2010 Pricing Sales volume Operating expenses 1H…
Financial Status Cash Flow as of 30 June Interest Coverage Ratio RMB Million Multiples 150,469 41.16X 129,019 30.23X 1H 2010 1H 2011 1H 2010 1H 2011 21
1H 2011 Dividend 1H 2011 Dividend RMB 0.16063 0.16229 2011 Interim dividend policy remains unchanged. Dividend payout ratio stands at 45% Board of Directors has resolved to pay an interim dividend of RMB0.16229 per…
2H 2011 Business Outlook
2H 2011 Outlook Continue to carry out the three strategies of Resources, Market & Internationalization Resources Strive to fulfill production and operations targets for 2011 Market Internationalization Achieve green,…
Achieve Stable Growth of Domestic Oil and Gas Output Further Enhance the Leading Position of Our Upstream Business Continue to implement the Peak Growth in Oil and Gas Reserves Program. Focus on oil and gas pre-exploration and…
Promote the Implementation of Structural Deployment Strategy Increase Profitability of Refining & Chemicals Business Steadily promote the implementation of our structural adjustment strategies. Fulfill construction targets of key…
Facilitate the Development of Marketing Network Expand Market Supply Capabilities and Boost Market Share Foster the development and adjustment of the sales network. Focus on the development of high efficiency market. Strive to…
Balance Overseas and Domestic Resources Maintain Rapid Growth in Natural Gas Business Organize and coordinate construction of key oil and gas pipelines in a systematic manner according to schedule. The Xiangtan section of the 2nd…
Strengthen Implementation and Operation of Overseas Projects Boost Contribution of International Business Speed up the construction of the five oil and gas cooperation zones. Further optimize structure and deployment of overseas oil…
Maintain Safety and Environmental Standards Continue to Improve Energy Saving & Emissions Reduction Measures Insist on our mission of Safety First; Environment Prioritized; Quality- focused; and People-oriented. Achieve intrinsic…
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