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FIRST QUARTER RESULTS PRESENTATION APRIL 30, 2025
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2 This presentation contains forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward-looking terminology such as “believe”, “expect”, “anticipate”, “estimate”, “plan”, “project”, “target”, “may”, “will” or other similar words that express an indication of actions or results of actions that may or are expected to occur in the future. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this presentation. These forward-looking statements are based on our own information and on information from other sources we believe to be reliable. Our actual results may be materially less favorable than those expressed or implied by these forward-looking statements which could affect the market price of our shares. DISCLAIMER
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Q1 2024[Note] Q1 2025 YoY Change Average Realized Crude Oil Price (USD/bbl) 75.41 70.00 - 7.2% Revenue (RMB Million) 812,801 753,108 - 7.3% Profit from Operations (RMB Million) 64,653 65,180 +0.8% Net Profit Attributable to Owners of the Company (RMB Million) 45,768 46,809 + 2.3% Basic EPS (RMB Yuan) 0.25 0.26 + 2.3% 3 In 2024, the Company's subsidiary, Daqing Oilfield Company Limited acquired CNPC Electric Energy. This acquisition falls under the category of business combinations under commo n control. In accordance with relevant accounting standards, the related accounting data has been retrospectively adjusted in the preparation of the group's consolidated financial statements. Note: Financial Results Highlights
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Oil & gas output reached 467.0 MM boe Oil and Gas Output MM boe 413.0 418.1 50.7 48.9 Q1 2024 Q1 2025 463.7 467.0 +0.7% Domestic Overseas 4 Crude Oil Output MM bbl 197.3 197.9 42.3 42.3 Q1 2024 Q1 2025 239.6 240.2 +0.2% Marketable Natural Gas Output bcf 1,294.5 1,321.3 50.2 40.0 Q1 2024 Q1 2025 1,344.7 1,361.3 +1.2% Oil, Gas and New Energies Domestic Overseas Domestic Overseas
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10.38 9.76 Q1 2024 Q1 2025 RMB Million 43,077 46,093 Q1 2024 Q1 2025 +7.0% Operating Profit 75.41 70.00 Q1 2024 Q1 2025 5 Realized Crude Oil Price Lifting Cost USD/bbl -7.2% -7.2 % USD/bbl -6.0% -6.0 % Oil, Gas and New Energies
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6 353.8 337.3 Q1 2024 Q1 2025 Crude Processing Volume MM bbl RMB Million 6,970 4,551 Q1 2024 Q1 2025 Operating Profit Refined Products ’000 tons Q1 2024 Q1 2025 YoY Change Refined Products 30,482 28,567 - 6.3% Gasoline 12,457 11,537 - 7.4% Kerosene 4,743 4,632 - 2.3% Diesel 13,282 12,398 - 6.7% -4.7% -4.7 % Refining, Chemicals & New Materials—Refining Business
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9,908 9,959 Q1 2024 Q1 2025 7 Major Chemical Products Chemical Commodity Product +0.5% RMB Million 1,145 837 Q1 2024 Q1 2025 Operating Profit ’000 tons Q1 2024 Q1 2025 YoY Change Ethylene 2,270 2,271 +0.04% Synthetic resin 3,496 3,399 - 2.8% Synthetic fiber materials and polymers 280 329 + 17.5% Synthetic rubber 275 282 + 2.5% Urea 750 689 - 8.1% +0.5% Refining, Chemicals & New Materials—Chemicals Business ’000 tons
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’000 tons Q1 2024 Q1 2025 YoY Change Sales of Refined Products 28,545 27,535 -3.5% Gasoline 13,149 12,315 -6.3% Kerosene 2,604 2,480 -4.8% Diesel 12,792 12,740 -0.4% Domestic Sales Volume of Refined Products 8 Marketing ’000 tons Q1 2024 Q1 2025 YoY Change Sales of Refined Products 39,258 36,776 -6.3% Gasoline 16,967 15,579 -8.2% Kerosene 5,293 5,064 -4.3% Diesel 16,998 16,133 -5.1% Sales Volume of Refined Products Operating Profit 6,763 5,043 Q1 2024 Q1 2025 RMB Million
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9 Sales Volume of Natural GasOperating Profit 12,316 13,508 Q1 2024 Q1 2025 RMB Million +9.7% 83.369 86.442 Q1 2024 Q1 2025 bcm +3.7% Domestic Sales Volume of Natural Gas 67.102 69.914 Q1 2024 Q1 2025 bcm +4.2% Natural Gas Marketing +3.7 % +4.2 %
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2025 Operating Targets and Progress in Q1 2025 Target Q1 2025 Progress Oil & Gas Output (MM boe) 1,826.6 467.0 25.6% Domestic Oil & Gas Output (MM boe） 1,648.3 418.1 25.4% Domestic Output of Crude Oil (MM bbl) 785.6 197.9 25.2% Domestic Marketable Natural Gas Output (bcf) 5,174.6 1,321.3 25.5% Processing Volume of Crude Oil (MM bbl) 1,330.9 337.3 25.3% 10
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11 Session
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12 Tel: (8610)5998-2622; (852)2899-2010 Email : ir@petrochina.com.cn hko@petrochina.com.hk Investor Relations Media Relations Tel: (8610) 5166-3828; (852)2522-1838 Email : zhongshiyou.list@everbloom.com.cn petrochina.list@everbloom.com.cn