What were CNPC's first-half 2024 revenue and net profit, and how did they change year-on-year?

CNPC reported first-half 2024 revenue of RMB 1.527 trillion, up 5.3% year-on-year; its net profit attributable to parent company shareholders was RMB 103.936 billion — the first time it exceeded RMB 100 billion in a half-year — representing a 22% increase year-on-year.

How did CNPC's domestic and overseas oil and gas production perform in the first half of 2024?

CNPC's total hydrocarbon-equivalent production was 920.6 million barrels, down 0.3% year-on-year; overseas crude oil production was 69.7 million barrels, down 14.2% year-on-year — mainly due to lower output from Middle East projects — while domestic natural gas production and overall hydrocarbon-equivalent production both reached record highs for the first half of any year.

Energy Insider: CNPC First-Half Net Profit Breaks 100 Billion Yuan; COFCO GM Bai Yong Transferred to China Huaneng Chairman

Aug 31, 2026

China National Petroleum Corp reported a record first-half net profit exceeding 100 billion yuan driven by high oil prices, while COFCO Group General Manager Bai Yong was appointed chairman of China Huaneng.

caixin

2026-08-31

Energy Insider: CNPC First-Half Net Profit Breaks 100 Billion Yuan; COFCO GM Bai Yong Transferred to China Huaneng Chairman

Energy Insider: CNPC First-Half Net Profit Breaks 100 Billion Yuan; COFCO GM Bai Yong Transferred to China Huaneng Chairman

FAQ