"Three barrels of oil" accelerates the deployment of new energy, what are the advantages of the transformation of traditional oil and gas companies

　　Author: Lu Ruyi

　　Against the background of the dual carbon targets and the European energy crisis, the transformation of the traditional oil and gas industry is urgent.

　　At the 2022 Bloomberg New Energy Finance Shanghai Summit held on November 30, Zhu Xingshan, secretary-general of the Petroleum Economics Professional Committee, said: "In the process of coping with climate change, the pressure of energy transformation for oil and gas companies is long-term, but the real significance of energy transformation for oil and gas companies The acceleration of the increase is after the double carbon target was put forward."

　　Zhu Xingshan believes that "the domestic 'three oils and one network' (CNPC, Sinopec, CNOOC, and State Grid) have also played a leading role. For example, CNPC has long had the idea of ​​energy transformation. In 2008, the company's The vision was changed to building an integrated international energy company, and this vision has not changed since then.”

　　The reporter noted that PetroChina (601857.SH) has recently invested in and established a new energy company, China Petroleum Green Power New Energy Co., Ltd.

The company's registered capital is 60 million yuan, and its business scope includes electric vehicle charging infrastructure operation, battery sales, battery manufacturing, battery leasing, etc.

In terms of equity, according to Qichacha’s equity penetration data, PetroChina holds 47.5% of the company’s shares and is the company’s largest shareholder.

　　In September this year, CNPC joined hands with Sinopec (00386.HK), SAIC Motor (600104.SH), Ningde Times (300750.SZ) and Shanghai International Automobile City Group to jointly invest 4 billion yuan to establish Shanghai Jieneng Smart Electric New Energy Technology Co., Ltd. The company, with its core business focusing on battery leasing, has officially entered the new energy battery replacement track.

　　PetroChina stated that by the end of the "14th Five-Year Plan", the company will build more than 1,000 charging and swapping stations, and upgrade and create a comprehensive energy service network that is "swappable and rechargeable".

　　Prior to this, Dai Houliang, chairman of PetroChina, publicly stated that while producing and supplying oil and natural gas, PetroChina is committed to building a green industrial structure and a low-carbon energy supply system, and accelerating the transformation into an "oil, gas, thermal, power and hydrogen" comprehensive energy company.

　　At the same time, the other "two barrels of oil" - Sinopec (00386.HK) and CNOOC (601808.SH) are also actively exploring energy transformation and are intensively deploying new energy sources.

　　According to public data, as of December 2021, Sinopec has built more than 1,000 charging and swapping stations.

During the "14th Five-Year Plan" period, Sinopec plans to build 5,000 charging and swapping stations across the country.

On November 22, the first swap station jointly built by CNOOC and NIO was officially put into operation in Guangzhou CNOOC Licheng service area.

　　However, the energy transformation of traditional oil and gas companies such as "three barrels of oil" is also inseparable from the support of strong performance.

　　At today's forum, when talking about the advantages of traditional oil and gas companies in energy transition, Xu Zhonghua, vice president of R&D Asia of Total Energy and chairman of the Energy Working Group of the European Union Chamber of Commerce in China, said: "On the one hand, in the process of energy transition, oil and gas companies can Using past experience, such as our experience in offshore oil and gas operations, supported us to develop offshore wind power generation. On the other hand, for oil and gas companies, in the context of the current high oil and gas prices, enterprises The revenue performance has been very good.”

　　In 2021, the operating income of the "three barrels of oil" of PetroChina, Sinopec and CNOOC will account for 5% of China's GDP that year.

Since the beginning of this year, the European energy crisis has continued to ferment, pushing up oil and gas prices and also improving the revenue and profit performance of the "three barrels of oil".

　　According to data from the third quarter report of 2022, PetroChina achieved operating income of 2.46 trillion yuan in the first three quarters, a year-on-year increase of 30.6%; the net profit attributable to the parent was 120.271 billion yuan, equivalent to a daily profit of 450 million yuan.

During the same period, Sinopec achieved operating income of 2.45 trillion yuan and net profit of 56.66 billion yuan, equivalent to a daily profit of 210 million yuan; Earn 400 million yuan a day.