Sino-Singapore Jingwei Client, March 29th (Meng Zhang) On the afternoon of the 28th, Sinopec announced its 2020 financial report. So far, China's three major oil companies (hereinafter referred to as the "three barrels of oil") have all released their 2020 "transcripts".

According to calculations by a reporter from China-Singapore Jingwei, the "three barrels of oil" will achieve a total net profit of 76.886 billion yuan in 2020, with a daily profit of about 210 million yuan.

"Three barrels of oil" net profit fell by more than half

　　According to the "Three Barrels of Oil" financial report data, Sinopec had the highest revenue of 2.11 trillion yuan, a year-on-year decrease of 28.8%; PetroChina followed closely with revenue of 1.93 trillion yuan, a year-on-year decrease of 23.2%; CNOOC's revenue The least is 155.4 billion yuan, a year-on-year decrease of 33.4%, the largest drop among the "three barrels of oil."

　　In terms of net profit, Sinopec achieved a net profit of 32.924 billion yuan, a year-on-year decrease of 42.9%; PetroChina achieved a net profit of 19.006 billion yuan, a year-on-year decrease of 58.4%; China National Offshore Oil achieved a net profit of 24.956 billion yuan, a year-on-year decrease of 59.1%, and its net profit was in " "Three barrels of oil" had the largest decline.

　　According to calculations, the total revenue of the "three barrels of oil" in 2020 will be about 4.2 trillion yuan, the cumulative net profit will be 76.886 billion yuan, and the average daily profit will be about 210 million yuan.

In 2019, the "three barrels of oil" achieved a total net profit of 164.318 billion, and a daily profit of about 450 million.

Compared with 2019, the net profit of the “three barrels of oil” in 2020 will drop by more than 53%.

　　Speaking of the sharp decline in revenue and net profit, the "three barrels of oil" explained in the financial report that in 2020, due to the dual impact of the new crown pneumonia epidemic and the plunge in oil prices, global oil consumption has shrunk sharply, and performance has been affected.

Looking forward to 2021, the "three barrels of oil" predicts that the global economy will recover, but the recovery is unstable and unbalanced. The easing of supply and demand in the global oil market may ease, and international oil prices have stabilized and rebounded.

"Three barrels of oil" aimed at the "green and low-carbon" track

　　In 2021, the concepts of "carbon neutrality" and "carbon peak" are on fire. The "three barrels of oil" all revealed in the financial report that they will actively promote the green and low-carbon transformation and build a green and low-carbon enterprise.

　　Data map.

Photo by Sino-Singapore Jingwei

　　Sinopec has made it clear that the company will take hydrogen energy as the main direction of its new energy business and strive to build China's largest hydrogen energy company.

In 2021, the process of low-carbonization will be accelerated to create low-carbon competitiveness.

Coordinate the transformation and upgrading and carbon reduction process, structural optimization and carbon emission control, promote the cleanness of fossil energy, the scale of clean energy, and the low-carbon production process to ensure that the carbon dioxide peak is achieved before the national carbon peak target is completed, and strive to achieve it by 2050 Carbon neutral.

　　PetroChina revealed that in 2021, it will focus on developing its main business, actively promote green and low-carbon transformation, focus on digital transformation and intelligent development, and continue to carry out in-depth development of quality and efficiency.

Strive to achieve "carbon peak" around 2025 and achieve "near-zero" emissions around 2050.

　　CNOOC pointed out that in 2021, it will continue to use scientific and technological innovation as the driving force, highlight the development of the main oil and gas industry, accelerate the energy transformation, vigorously promote the green and low-carbon transformation, continue to improve the natural gas supply capacity, promote the implementation of shore power projects, and increase energy-saving technologies Transform and apply new technologies for emission reduction, and gradually carry out research on carbon capture, reinjection and reuse technologies.

At the same time, it will actively explore the development of new energy business, and promote the offshore wind power business in a steady and orderly manner.

(Zhongxin Jingwei APP)

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