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“Three barrels of oil” earned nearly 1 billion yuan a day last year, and CNOOC's net profit doubled, the best in history

Wind · Mar 29, 2023 20:57

来源：Wind

3月29日，2022年度“三桶油”业绩报全部出炉，去年共赚3567.79亿元，相当于日赚9.77亿元。2022年国际油价高位震荡，“三桶油”保持高利润，中国海洋石油净利润翻倍并创历史新高，其增幅也为“三桶油”中最大，与中国石油一同在千亿级别以上。

中国海洋石油营收增幅居首

在营业收入方面，“三桶油”增速均以两位数增长，中国石化营收达到3.32万亿元，居首位，而中国海洋石油营收增幅最大为71.56%。中国石化2022年实现营业收入3.32万亿元，同比增长21.06%；中国石油股份2022年营业收入3.24万亿元，同比增加23.9%；中国海洋石油2022年营业收入为人民币4222.3亿元，同比增长71.56%。

值得注意的是中国石化营业收入高居首位，而净利润则出现下降，中石化解释称，2022年国际原油价格上涨，带动石油石化产品价格上涨，使得中国石化营收规模继续提升。但由于境内石油石化市场需求疲弱，同时高油价下境内炼油和化工产品毛利下降，使得中国石化增收不增利。

中石油、中海油去年均赚千亿级

中国海洋石油和中国石油去年全年净利润均在千亿以上，中国石油2022年实现净利润1490亿元，同比增长62.10%，居首位；中国海洋石油次之实现净利1414.77亿元，同比增长101.5%，其净利润翻倍增幅为“三桶油”中最大；中国石化净利润663.02亿元，同比下降6.89%。

对比单季度净利润而言，中国海洋石油净利润保持最为稳定，每个季度均保持在300亿以上，而中国石油第二季度净利润433亿元为三桶油之中单季度最高。值得一提的是，中国石化2022年净利润单季度则呈现下降态势，逐季下跌，在第四季度将至百亿以下。

三桶油高分红不改

中国石化继续保持高比例的分红力度。年报中，中国石化董事会建议派发2022年末期现金股利每股0.195元（含税），加上半年度已派发现金股利每股0.16元（含税），全年现金股利每股0.355元（含税）。若算上年内股份回购金额，中国石化2022年的分红总额为469.3亿元，占公司当期净利润的比例为71%。而在2020年至2022年三年间，中国石化现金分红1.025元/股，金额1238.68亿元，回购股份金额41.79亿元，合计总金额1280.47亿元，与三年平均净利润的比率为224.93%。

中国海油则称，2022年，我们的净利润再创新高，达到了1,417亿元人民币。为了更好地与股东共享发展成果，董事会已建议派发2022年末期股息每股0.75港元（含税）。

中国石油经统筹考虑公司经营业绩、财务状况、现金流量等情况，为回报股东，董事会建议向全体股东派发2022年末期股息每股人民币0.22元（含适用税项）的现金红利，总派息额约人民币402.65亿元。

三桶油2022年业绩受益国际油价上涨

中国石油称，2022年，国内宏观经济承压前行，成品油需求疲弱触底，供应保持稳定。据国家发改委资料显示，2022年成品油表观消费量3.45亿吨，同比增长100.9%，其中，汽油同比下降4.6%，柴油同比增长11.8%，航空煤油同比下降32.4%。国内成品油价格走势与国际市场油价变化趋势基本保持一致，国家23次调整国内汽、柴油价格，汽、柴油标准品价格累计分别上调人民币550元/吨和530元/吨。

2022年，中国石化主营业务收入32573.56亿元，同比增加21.6%。中国石化解释称，主要归因于石油石化产品价格同比上涨。外销原油、天然气及其他上游产品的主营业务收入为1923亿元，同比增长23.3%，主要归因于油气产品量价齐升。

中国海油表示，净利增长主要是公司持续增储上产，提质降本增效，净利润在国际油价上涨的环境下创历史新高。公司拥有丰厚的资源基础。截至2022年末，净证实储量约62.4亿桶油当量。2022年，储量替代率达182% ，近6年储量寿命持续维持在10年以上，储量基础进一步夯实。年内，公司净产量达6.24亿桶油当量，同比增长8.9% ，产量增速位居同业公司前列。

编辑/jayden

Source: Wind

On March 29, the 2022 “Three Barrels of Oil” performance reports were all released. Last year, they earned a total of 356.779 billion yuan, equivalent to daily earnings of 977 million yuan. International oil prices fluctuated at a high level in 2022, “three barrels of oil” maintained high profits, and CNOOC's net profit doubled and reached a record high. The increase was also the largest among the “three barrels of oil”, which, along with CNPC, was above the 100 billion level.

CNOOC saw the highest increase in revenue

In terms of revenue, the growth rate of “three barrels of oil” all grew by double digits. Sinopec's revenue reached 3.32 trillion yuan, ranking first, while CNOOC's revenue increased the most by 71.56%. Sinopec achieved revenue of 3.32 trillion yuan in 2022, an increase of 21.06% over the previous year; CNPC's revenue in 2022 was 3.24 trillion yuan, an increase of 23.9% over the previous year; CNOOC's revenue in 2022 was RMB 422.23 billion, an increase of 71.56% over the previous year.

It is worth noting that Sinopec's revenue ranked first, while net profit declined. Sinopec explained that the rise in international crude oil prices in 2022 led to a rise in petroleum and petrochemical product prices, causing Sinopec's revenue scale to continue to rise. However, due to weak demand in the domestic petroleum and petrochemical market, and at the same time the gross profit of domestic refining and chemical products falling under high oil prices, Sinopec did not increase revenue and profit.

CNPC and CNOOC both earned 100 billion dollars last year

Both CNOOC and CNPC achieved net profit of over 100 billion yuan last year; CNPC achieved net profit of 149 billion yuan in 2022, an increase of 62.10% over the previous year, ranking first; CNOOC achieved net profit of 141,477 billion yuan, up 101.5% year on year. Its net profit doubled the most in the “three barrels of oil”; Sinopec's net profit was 66.302 billion yuan, down 6.89% from the previous year.

Compared to net profit in a single quarter, CNOOC's net profit remained the most stable, staying above 30 billion yuan each quarter, while CNPC's net profit of 43.3 billion yuan in the second quarter was the highest in a single quarter out of three barrels of oil. It is worth mentioning that Sinopec's net profit in 2022 showed a downward trend in a single quarter, falling quarter by quarter, reaching below 10 billion dollars in the fourth quarter.

Three barrels of oil have not changed their high dividends

Sinopec continues to maintain a high percentage of dividends. In the annual report, Sinopec's board of directors recommended a cash dividend of 0.195 yuan per share (tax included) for the end of 2022, plus a cash dividend of 0.16 yuan per share (tax included) already distributed in the half year, and a cash dividend of 0.355 yuan per share (tax included) for the full year. If you count the share repurchase amount during the previous year, Sinopec's total dividend in 2022 was 46.93 billion yuan, accounting for 71% of the company's current net profit. Meanwhile, in the three-year period from 2020 to 2022, Sinopec paid a cash dividend of 1,025 yuan/share, amounting to 123.868 billion yuan, and the share repurchase amount was 4.179 billion yuan, totaling 128.047 billion yuan. The ratio to the three-year average net profit was 224.93%.

CNOOC said that in 2022, our net profit reached a new high, reaching 141.7 billion yuan. To better share development results with shareholders, the Board has recommended a 2022 final dividend of HK$0.75 per share (tax included).

CNPC considered the company's operating performance, financial situation, cash flow, etc. in an integrated manner. In order to reward shareholders, the board of directors recommended that a cash dividend of RMB 0.22 per share (including applicable taxes) for the end of 2022 be distributed to all shareholders, with a total dividend amount of approximately RMB 40.265 billion.

Three Barrels of Oil's 2022 performance benefits from rising international oil prices

CNPC said that in 2022, the domestic macroeconomic economy was under pressure, demand for refined oil products was weak and bottomed out, and supply remained stable. According to data from the National Development and Reform Commission, the apparent consumption of refined oil products in 2022 was 345 million tons, an increase of 100.9% over the previous year. Among them, gasoline decreased 4.6% year on year, diesel increased 11.8% year on year, and aviation kerosene fell 32.4% year on year. The price trend of domestic refined oil products is basically in line with the trend of oil prices in the international market. The country adjusted domestic automobile and diesel prices 23 times, and the prices of standard gasoline and diesel products increased by RMB 550 per ton and 530 yuan/ton respectively.

In 2022, Sinopec's main business revenue was 3257.356 billion yuan, an increase of 21.6% over the previous year. Sinopec explained that it was mainly due to the year-on-year increase in the prices of petroleum and petrochemical products. The main business revenue from exporting crude oil, natural gas and other upstream products was 192.3 billion yuan, an increase of 23.3% over the previous year, mainly due to the sharp rise in the volume and price of oil and gas products.

CNOOC said that net profit growth was mainly due to the company continuing to increase storage and production, improving quality, cost, and efficiency. Net profit reached a record high in an environment where international oil prices were rising. The company has a rich resource base. By the end of 2022, the net confirmed reserves were about 6.24 billion barrels of oil equivalent. In 2022, the reserve replacement rate reached 182%. In the past 6 years, the life span of reserves has continued to be maintained at more than 10 years, and the reserve base has been further consolidated. During the year, the company's net output reached 624 million barrels of oil equivalent, an increase of 8.9% over the previous year, and the production growth rate ranked among the highest among its peers.

Editor/jayden

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