【857 Performance】PetroChina earned 4.5% less last year, plans to pay a final dividend of 0.25 yuan per share, and is expected to have capital expenditures of 279.4 billion RMB this year.

SocialAnxietyStaker · 2026-03-29T16:49:41+00:00

China Petroleum & Chemical Corporation (00857) forecasts a profit of 157.318 billion RMB in 2025, a decrease of 4.5% compared to last year. Revenue is expected to be 2.86 trillion RMB, down 2.5%. Facing new circumstances, the company plans to produce 941 million barrels of crude oil in 2026 and increase capital expenditure on oil, gas, and new energy businesses.

SocialAnxietyStaker

2026-03-29 16:49:41

Abstract generation in progress

China Petroleum & Chemical Corporation （00857）（Sh: 601857）An A-share announcement shows that in 2025, profit was RMB 157.318 billion (same below), down 4.5% year-on-year, with basic earnings per share of RMB 0.86; the proposed final dividend is RMB 0.25 per share (tax inclusive), for a total dividend of approximately RMB 45.755 billion.

During the period, revenue was RMB 286.0 billion, down 2.5% year-on-year. Of this, operating revenue from the oil and gas and new energy segments was RMB 82.4808 billion, down 9% year-on-year; operating revenue from the refining, petrochemical and new materials segments was RMB 107.0 billion, down 9.6% year-on-year, mainly due to lower refined product output and lower prices. Free cash flow was RMB 120.189 billion, up 15.2% year-on-year. The balance sheet structure was further optimized, and the financial position remained sound.

Affected by the decline in international crude oil prices, the group’s average crude oil price last year was USD 64.11 per barrel, down 14.2% from 2024. Full-year crude oil sales volume was 160 million tons, up 3% year-on-year, but the average price per ton was RMB 3,543, down 8.6% year-on-year; natural gas sales reached 314.713 billion cubic meters, up 7% year-on-year; the average price per thousand cubic meters was RMB 2,291, up slightly 0.2% year-on-year.

The company said that facing the new environment, it will remain market-oriented and focus on efficiency and benefits. It plans for 2026 crude oil production of 941 million barrels, with sellable natural gas production of 5.47 trillion cubic feet, and a combined oil and gas equivalent of 18.53 million barrels. It also expects this year’s capital expenditure to be RMB 279.4 billion, of which RMB 220.8 billion will be for the oil and gas and new energy businesses; RMB 42.7 billion will be used for the refining, petrochemical and new materials businesses.

Source: HKEX announcement

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