On March 29, PetroChina Company Limited released its 2025 annual report. Under Chinese accounting standards, the company achieved operating revenue of RMB 2,864.469 billion and net profit attributable to shareholders of RMB 157.302 billion.

PetroChina plans to distribute a cash dividend of RMB 0.25 per share (tax included), totaling RMB 45.76 billion, including RMB 40.48 billion for A shares. The total cash dividend for 2025 (including interim dividends) amounts to RMB 86.02 billion, accounting for 54.7% of net profit attributable to shareholders.

In response to evolving market conditions, PetroChina has continued to promote oil and gas reserve expansion and production growth, as well as the transformation and upgrading of its refining and chemical businesses, ensuring safe and efficient operation of its two major industrial chains. The company has also actively advanced its green and low-carbon transition, fostering high-quality development in emerging sectors such as new energy and new materials.

In 2025, PetroChina’s oil and gas supply capacity continued to improve. The company implemented efficient exploration and profitable development strategies, promoting a virtuous cycle of reserve growth and production increase. Oil and gas output reached a new record high, with significant growth in shale oil and coal-derived gas production. Total oil and gas equivalent output reached 1,841.9 million barrels, up 2.5% year-on-year.

Meanwhile, PetroChina further expanded its new energy business. In 2025, its wind and solar power generation reached 7.93 billion kWh, a year-on-year increase of 68.0%. Newly signed geothermal heating contracts exceeded 100 million square meters, and carbon dioxide utilization reached 2.664 million tons, up 40.3%.

The company stated that its domestic oil and gas business will continue implementing medium- and long-term plans for reserve expansion and production growth, as well as enhanced oil recovery in mature fields. Overseas operations will focus on independent exploration and natural gas development, deepening engagement in Belt and Road countries and key resource regions to secure high-quality projects.

In the new energy sector, PetroChina will accelerate the acquisition and conversion of wind and solar project quotas, pursue breakthroughs in large-scale renewable energy bases, offshore wind power, and direct green electricity supply, while maintaining rapid growth in clean energy generation. The company will also optimize integrated power production, supply, and sales operations, improve electrification rates, and enhance green power consumption. It will refine its geothermal business model and steadily build full industrial chain demonstration zones for CCUS (carbon capture, utilization, and storage).

In refining and chemicals, PetroChina continues to move toward the mid-to-high end of the value chain, increasing the proportion of high value-added products. In 2025, the company processed 1.376 billion barrels of crude oil and produced 117 million tons of refined oil products, while chemical product sales reached 40.027 million tons, up 2.7%.

In marketing, PetroChina actively promoted LNG fueling, EV charging and battery swapping, and integrated energy services. In 2025, it built 1,525 new integrated energy stations, put 450 LNG fueling stations into operation, and added 37,600 charging points.

PetroChina stated that it will accelerate coordinated development across oil, gas, hydrogen, electricity, and non-oil businesses, expand gas fueling and EV charging services, strengthen non-oil branding, and integrate online and offline operations to further optimize its sales and service network.