On
In 2020, despite challenges brought by COVID-19 and plummeted international oil price, the Company adhered to quality development and coordinated efforts on all fronts including COVID-19 prevention and control, work and production resumption, as well as reform and innovation. It vigorously implemented green and low-carbon transition and maintained a stable production and operation.
The Company's oil and natural gas equivalent output was 1,409.7 million barrels, representing an increase of 4.8% year-on-year; with marketable natural gas output reaching 3,993.8 billion cubic feet, an increase of 9.9% year-on-year. The proportion of natural gas output continued to grow, further optimized the oil and gas production mix and led to major progress in green and low-carbon transition. The Company successfully completed the spin-off of its pipeline assets based on market principles winning high recognition from the capital market. The transaction was approved in the General Meeting, with 99.99% votes in favor.
Seizing the opportunity of
Under the International Financial Reporting Standards,
As the Company attaches great importance to shareholder's return, the Board of Directors recommended a final dividend of
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Email: admineng@cnpc.com.cn
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