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 33 3
Agenda Welcome Remarks by President 2014 Interim Results Presentation Q&A Session 44 4
Welcome Remarks by President
Major Production Indicators Improved Steadily, Operating Results Exceed Expectations Domestic exploration and production maintained good momentum with steady growth in oil and gas output Refining and chemicals production maintained…
Quality, Profitability and Sustainable Development Oil and Gas Equivalent Output 1H 2013-1H 2014 MMBoe 697.2 714.9 233.0 249.3 464.2 465.6 1H 2013 1H 2014 Crude oil output Natural gas output 77 7
Quality, Profitability and Sustainable Development Turnover 1H 2013-1H 2014 RMB Million 1,153,968 1,101,096 +4.8% 1H2013 1H2014 88 8
Quality, Profitability and Sustainable Development Net Profit 1H 2013-1H 2014 RMB Million 68,124 65,522 +4.0% 1H2013 1H2014 99 9
Quality, Profitability and Sustainable Development Stock Price Performance 1H 2014 A PetroChina A share SSE Composite Index Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 H PetroChina H share Heng Seng Index HSCEI…
Quality, Profitability and Sustainable Development Debt Ratio 2013-1H 2014 Net Cash Flows from Operating Activities 1H 2013-1H 2014 RMB Million 133,484 45.8% 45.9% 102,057 28.1% 29.0% +30.8% As at 31 Dec 2013 As at…
Quality, Profitability and Sustainable Development Capital Expenditure 2013-2014 RMB Million 318,696 2.2% 296,500 8.4% 2.2% 8.5% 18.0% 12.6% -7.0% 71.0% 76.1% 2013 2014 Estimates Exploration and production…
Quality, Profitability and Sustainable Development Oil and Gas Lifting Cost 1H 2013-1H 2014 Labor Cost in 1H 2013-1H 2014 USD/boe 12.2% 9.1% 12.97 57,514 55,659 12.29 5.5% +5.5% 3.3% 1H2013 1H2014 1H2013 1H2014 Oil…
Development Objectives Adhere to the Strategies of Resources, Marketing and Internationalization Implement the Guidelines of Quality, Profitability and Sustainable Development To Build PetroChina into a World-class…
2014 Interim Operating Highlights
Domestic Exploration and Production Maintained Good Momentum with Steady Growth in Oil and Gas Output Key Domestic Exploration Discovery Regions Songliao Basin Junggar Basin Strategic discoveries and key results: Tarim Basin…
Steady Growth in Oil and Gas Output Crude Output MM bbl Marketable Natural Gas Output Bln cf Domestic production Domestic production Overseas net production Overseas net production 1,495.5 464.2 465.6 1,397.5 65.0 64.7 56.7 56.2…
Refining and Chemicals Production Maintained Optimized Operations and Made Obvious Improvements Crude Processing Volume 000 tons Production of Major Oil Products 000 tons 67,533 67,665 1H 2013 1H 2014 Change +0.20% Gasoline 14,701…
Trading of Oil Products Improved in both Quality and Profitability, Ability to Respond to Market Changes was Reinforced Major Oil Products Sales Volume Nationwide Oil Product Sales Network Sales network coverage 000 tons 1H 2013 1H…
Improved Sales of Natural Gas and Enhanced Profitability of Pipeline Segment Key Domestic Pipelines West section of the 3rd West-East gas pipeline, Hohhot-Baotou-Erdos and Jilin-Changchun refined oil pipelines were put into…
Overseas Businesses Maintained Healthy Growth with International Trading Business Progressing Steadily Overseas Oil & Gas Net Production MM boe Overseas Oil & Gas Exploration & Production Areas 67.5 67.1 -0.59 % Canada United…
Enhanced Fundamentals of Safety and Environment Protection and Stable HSE Performance Fatalities decreased by 12.5% Reduced standard coal consumption by 460,000 tons and water consumption by 8.91 million cubic meters Nitrogen…
Technological Innovation Contributed to Business Growth Promoted the growth of production, sales and profitability, enhanced Upgrade of oil products proprietary innovation capacities and core Exploration and development…
Exploration & Production Profit from Operations Factors Affecting Profit from Operations RMB Million 8,703 629 102,238 98,807 -5,901 1H2013 Pricing Sales Volume Operating Expenses 1H2014 27 27 27
Refining & Chemicals Profit from Operations Factors Affecting Profit from Factors Affecting Profit from RMB Million Operations Refining Operations Chemcials 12,345 100 4,355 -321 Refining Gross Profit Prossessed Operating…
Marketing Profit from Operations Factors Affecting Profit from Operations RMB Million 5,663 8,146 -282 -663 3,428 1H2013 Gross Profit Sales Volume Operating Expenses 1H2014 & Others 29 29 29
Natural Gas & Pipeline Profit from Operations Factors Affecting Profit from Operations RMB Million 3,161 358 21,882 -1,106 4.083 -20,211 1H2013 Domestic Gas Imported Gas Gas Business Disposal of Pipeline 1H2014…
Financial Position Cash Flow as of 30 June Total Assets RMB Million RMB Million 2,342,110 2,426,390 133,484 102,057 +3.6% +30.8% 1H2013 1H2014 31 Dec 2013 30 June 2014 31 31 31
2014 Interim Dividend Distribution 1H 2014 Dividend RMB 0.16110 0.16750 2014 interim dividend policy remains unchanged. Dividend payout ratio stands at 45% The Board of Directors has resolved to pay an interim dividend of…
2H 2014 Business Outlook
Macro-analysis for 2H 2014 Global economy continues to undergo a moderate recovery. Growth in developed economies to remain unstable and uncertainties in emerging markets increasing. International oil prices may remain high and…
Continue to Maintain Smooth and Balanced Operations in Exploration & Production Continue to give priority to oil and gas exploration with a focus on large scale basins and regions with rich reserves, emphasize pre-exploration and…
Optimize Refining and Chemicals Production to Reduce Losses and Increase Profits Reduce losses and increase profits by keeping pace with market demand, and optimizing the allocation of oil resources and raw materials, processing…
Continue to Expand Sales, Reduce Inventory and Improve Profitability, Creating High Margin Terminal for Oil Products Continue to expand sales, reduce inventory and improve profitability Ensure a rapid response to changes in market…
Expedite Sales and Profitability of Natural Gas Business and Operational Efficiency of Pipeline Segment Implement the government's natural gas price reform policy, and realize the price adjustment of existing base volume for…
Push Forward Development of Overseas Business, Focusing on Both Scale and Quality Strengthen oil and gas exploration in key regions such as Kazakhstan, and speed up exploration in offshore areas such as Caspian Sea Ensure production…
Continue to Optimize HSE System Strengthen inspection of oil and gas pipeline for potential risks and continue to enhance pipeline prospection and operations monitoring Push forward construction of the HSE system, and ensure…
Drive Growth and Profitability of Core Businesses through Technological Innovation Ensure stable output of Daqing oilfield and Changqing oilfield, promote the production growth in oil and gas fields in Xinjiang and Overseas, and focus…
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