Zhongxin Jingwei, March 3 (Wang Yongle) After market hours on the 30th, PetroChina and CNOOC released their 29 financial reports, so far, China's three major oil companies (hereinafter referred to as "three barrels of oil") handed over the first annual "report card" after the A-share meeting. According to the calculation of Zhongxin Jingwei reporter, in 2022, the "three barrels of oil" will earn 2022 million yuan per day, an increase of 9.79% over the same period last year.

PetroChina can earn the most CNOOC's performance growth is the largest

The annual report shows that in 2022, the operating income of "three barrels of oil" will achieve positive growth; In terms of net profit attributable to shareholders of the parent company (hereinafter referred to as "net profit"), PetroChina and CNOOC increased together, while Sinopec decreased slightly.

Specifically, Sinopec's operating income ranked first among the "three barrels of oil" with 33181.68 billion yuan, an increase of 21.06% year-on-year; The net profit was 663.02 billion yuan, down 6.89% from the same period last year.

CNOOC's operating income was 4222.30 billion yuan, a year-on-year increase of 72%; Net profit hit a record high of 1417.00 billion yuan, an increase of 102% year-on-year. The growth rate of operating income and net profit ranked first among the "three barrels of oil".

PetroChina's operating income was 32391.67 billion yuan, a year-on-year increase of 23.9%; The net profit was the highest among the "three barrels of oil" at 1493.80 billion yuan, an increase of 62.1% year-on-year.

In 2022, the total net profit of "three barrels of oil" will be 3573.82 billion yuan, calculated according to 365 days, with an average daily income of 9 million yuan, an increase of 79.52% year-on-year.

On a quarterly basis, Sinopec's operating income increased quarter by quarter, while its net profit decreased quarter by quarter; CNOOC's profit performance was the most stable; PetroChina's second-quarter net profit was the highest in a single quarter of "three barrels of oil".

Specifically, Sinopec's operating income from the first quarter to the fourth quarter was 7713.86 billion yuan, 8407.40 billion yuan, 8411.96 billion yuan and 8648.46 billion yuan, and the net profit was 226.05 billion yuan, 209.25 billion yuan, 131.30 billion yuan and 96.42 billion yuan respectively.

Among them, the operating income in the fourth quarter was 1.12 times that of the first quarter, and the net profit was less than half.

CNOOC's operating income from the first quarter to the fourth quarter was 908.98 billion yuan, 1114.57 billion yuan, 1087.90 billion yuan and 1110.85 billion yuan, and the net profit was 343.01 billion yuan, 375.86 billion yuan, 368.81 billion yuan and 329.32 billion yuan respectively.

PetroChina's operating income from the first quarter to the fourth quarter was 7793.68 billion yuan, 8352.53 billion yuan, 8407.80 billion yuan and 7837.66 billion yuan, and the net profit was 390.59 billion yuan, 433.29 billion yuan, 378.78 billion yuan and 291.09 billion yuan respectively.

The rise in international oil prices boosted performance

Zhongxin Jingwei noted that the changes in the performance of the "three barrels of oil" in 2022 were all affected by the rise in international oil prices.

CNOOC said that the increase in petroleum liquids sales revenue was mainly due to the impact of higher sales volumes and higher oil prices in the international market, and the increase in natural gas sales revenue was mainly due to the impact of the joint increase in sales volume and market prices. The doubling of net profit is mainly due to the company's continuous increase in reserves and production, quality improvement, cost reduction and efficiency, and net profit hitting a record high in the environment of rising international oil prices.

In 2022, Sinopec's main business revenue will be 32573.56 billion yuan, a year-on-year increase of 21.6%. Sinopec explained that this was mainly due to the year-on-year increase in the price of petroleum and petrochemical products.

PetroChina said that in 2022, the trend of domestic refined oil prices will be basically consistent with the trend of oil prices in the international market, and the prices of gasoline and diesel standard products will be increased by 550 yuan / ton and 530 yuan / ton respectively.

Generous dividends

In terms of profit distribution, the "three barrels of oil" continued to pay large dividends.

Among them, the board of directors of Sinopec recommended the payment of a final cash dividend of 0.195 yuan per share (including tax), plus the cash dividend of 2022.0 yuan per share (including tax) for the half year of 16, and a cash dividend of 2022.0 yuan per share (including tax) for the whole year of 355, plus the amount of share repurchase during the year, the dividend ratio for 2022 after consolidated calculation is about 71%. During the three years from 2020 to 2022, the cash dividend was RMB1.025 per share, amounting to RMB1.238 billion, and the amount of repurchased shares was RMB68.41 billion, totaling RMB79.1 billion, and the ratio to the three-year average net profit was 280.47%.

CNOOC said that in order to better share the development results with shareholders, the board of directors has recommended a final dividend of HK$2022.0 per share (including tax) for 75. The final and interim dividends for 2022 totaled HK$1.45 per share (including tax), with a total dividend of HK$690,21 million (including tax), accounting for approximately 2022% of the net profit in 43.

PetroChina said that in order to return shareholders, the board of directors recommended to pay a cash dividend of 2022.0 yuan (including tax) per share for the final dividend of 22 to all shareholders, with a total dividend of about 402.65 billion yuan. (Zhongxin Jingwei APP)

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