(Source: Yiyi Global Energy Observation 2024-10-24)

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Chinese petroleum companies will face unprecedented opportunities and challenges

01Chinese petroleum enterprises face unprecedented challengesChinese petroleum enterprises

Challenge one: how to deal with climate change.The difficulty is far greater than that of Western developed countries that achieved carbon peak earlier

Challenge 2: How to deal with the “double carbon” goal.The Chinese government has set the goal of carbon peaking before 2030 and carbon neutrality before 2060

Challenge Three: How to achieve transformation and development.Depends on the strength of the country’s policy to promote the realization of the “double carbon” goal and the timetable for the withdrawal of fuel vehicles from the market

02China Petroleum Corporation faces unprecedented development opportunities Soul of Enterprise

Opportunity One: Restructuring of the Oil and Gas Industry ChainThe oil and gas industry will inevitably move towards a new path of crude oil-chemical raw materials-chemical products-new materials

Opportunity 2: Give full play to the advantages of traditional industriesChinese petroleum companies can actively promote the integrated development of oil, gas and new energy in the future

Opportunity Three: Targeting Future Transformation TrendsActively build a 10-million-ton carbon flooding and oil carbon storage super energy basin

03How Chinese petroleum companies face challenges and opportunities?

Continuously strengthen the party’s leadership.The leadership of the Party is the fundamental guarantee for China’s petroleum enterprises to achieve transformation and developmentIn order to ensure that Chinese oil companies always maintain the correct political direction

Continue to improve and improve the corporate governance system.Continuously improving and improving the corporate governance system determines its position in market competition and the direction of future development

Actively promote and develop new productive forces.Developing new productive forces is the key to achieving transformation and upgrading

Strive to promote high-quality development.High-quality development requires Chinese petroleum companies to achieve a leap in transformation and development: First, clarify development strategic goals

Actively promote digital transformation.Chinese petroleum companies need to actively promote digital transformation

Actively fulfill the three major corporate responsibilities.Chinese petroleum companies need to focus on fulfilling three major responsibilities

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