中国海洋石油集团有限公司（CHINA NATIONAL OFFSHORE OIL）2025年年度业绩报告（英文版）（32页）.pdf

1、2026.3.26Annual Results2Board of Directors and Management at Todays ConferenceHuang YongzhangVice Chairman,Executive Director,CEO,PresidentYan HongtaoSenior Vice PresidentMu XiupingSenior Vice President,CFOXu YugaoGeneral Counsel,Chief Compliance Officer,Joint Company Secretary,Secretary to the Boar

2、d301Operating Results02Financial Results03Remarks04Q&A Session4Macro Environment2025 GDP growth rates3.3%1.7%4.4%5.0%GlobalAdvanced EconomiesEmerging Marketsand DevelopingEconomiesChina(US$/barrel)557085 The global and Chinas economic growth rates reached 3.3%and 5%in 2025,respectively The average B

3、rent oil price in 2025 was US$68.2 per barrel,decreasing by 14.6%YoY2025 Brent oil price Source:Global GDP growth rates from IMFs World Economic Outlook(January 2026),Chinas GDP growth rate from the China Economic and Financial Outlook Report(2026)by Bank of China,and Brent oil price from BloombergJ

4、an 1Dec 315Results OverviewNet Production777million boeNet Proved ReservesNet Profit Attributable to Equity Shareholdersbillion RMBNet Operating Cash flowbillion RMBAll-in CostUS$/boeAnnual Dividend Payout Ratio122.127.90209.045%7,773million boeActively share development results6 6Results Highlights

5、Reserves grew steadily year by year,consolidating the resource foundationProduction hit a new record high,solidifying the basis for production growthOverseas business delivered quality and efficiency enhancement,with financial indicators performing favorablyCost controlled effectively,maintaining co

6、st competitiveness7Fruitful Achievements in Exploration 6 new discoveries were made 28 oil and gas structures were successfully appraised,including 26 offshore China and 2 overseas Net proved reserves reached 7,773 million boe,hitting another record highExploration offshore China New discovery of Lo