Energy Equipment and Services

CPEC

China Petroleum Engineering Signs $4.6 Billion Contract for Turkmenistan's Galkynysh Gas Field Phase IV

CPEC released FY2026 Q1 earnings on April 24 After-Market (BJT), actual revenue CNY 16.87 B, actual EPS CNY 0.0377

CPEC FY2026 Q1 Earnings Release Scheduled for April 25 After-Market BJT

CPEC released FY2025 Annual Earnings on April 10 After-Market (BJT), actual revenue CNY 99.65 B (forecast CNY 89.9 B), actual EPS CNY 0.0638 (forecast CNY 0.125)

CPEC released FY2025 Q4 earnings on April 10 After-Market (BJT), actual revenue CNY 42.12 B, actual EPS CNY -0.0299

CPEC to Release FY2025 Earnings on April 11 After-Market (BJT), Forecast Revenue CNY 89.9 B, EPS CNY 0.125

CPEC released FY2025 9 Months Earnings on October 30 During-Market (BJT), actual revenue CNY 57.53 B, actual EPS CNY 0.0937

CPEC released FY2025 Q3 earnings on October 30 During-Market (BJT), actual revenue CNY 21.24 B, actual EPS CNY 0.0095

CPEC to Release FY2025 Q3 Earnings Report on October 31 During-Market BJT

CPEC released FY2025 Semi-Annual Earnings on August 21 After-Market (BJT), Actual Revenue CNY 36.29 B, Actual EPS CNY 0.0842

CPEC released FY2025 Q2 earnings on August 21 After-Market BJT, actual revenue CNY 19.16 B, actual EPS CNY 0.0493

CPEC to Release FY2025 Semi-Annual Earnings on August 22, 2025 (BJT)

CNPC Engineering Subsidiary Awarded Iraq Seawater Conveyance Pipeline Turnkey Project Letter of Award

CNOOC Engineering's ESG Rating Rises to AA, Ranking Third

CEFCO CSO explains high guarantee balance not on financial statements

CNPC Engineering Co. Signs EPSCC Contract for Iraq's Attavi Oilfield Project

Zuche Engineering Subsidiary Wins Iraq Natural Gas Pipeline Project Bidding

Subsidiary of China Oil Engineering Establishes Project Management Company

Sinopec Engineering Subsidiary Wins Atavi Gas Processing Plant Project in Iraq

CPEC released FY2025 Q1 earnings on April 25 After-Market (BJT), actual revenue CNY 17.13 B, actual EPS CNY 0.0348

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Shares of China Petroleum Engineering Corporation (CPEC) rose 6% to CNY4.06 after securing a USD4.6 billion contract for a gas processing facility in Turkmenistan's Galkynysh Gas Field. The project, managed by CPEC's unit, is set to be completed in 48 months, with a groundbreaking ceremony held on April 17. CPEC's net profit increased by 8.4% in Q1, while revenue fell by 1.5%. The company signed new contracts worth CNY29.5 billion, with 21% from overseas deals.

Yicai

China's CPEC Jumps After Winning USD4.6 Billion Gas Engineering Project in Turkmenistan

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China Petroleum Engineering has signed a $4.6 billion contract for the fourth phase of Turkmenistan's Galkynysh gas field. The contract involves surface engineering work, with construction expected to be completed in 51 months, starting in 2026. The Galkynysh field is crucial for Turkmenistan's gas exports to China, producing 30 billion cubic meters annually. CNPC, the controlling shareholder, will also build a facility to process an additional 10 billion cubic meters of gas per year and drill new production wells.

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China Petroleum Engineering unit signs $5.9b Turkmen gas field contract

A consortium led by China Petroleum Engineering Corporation has secured a USD424 million contract for a chemical products pipeline in Kazakhstan. The project involves constructing two pipelines for transporting ethane and propane in Atyrau, expected to be completed within 36 months. This marks CPEC's fifth major overseas pipeline project this year, contributing positively to its revenue and profit in the coming years. CPEC's shares rose 0.8% following the announcement.

Consortium Led by China’s CPEC Wins USD424 Million Chemical Transmission Pipeline Project in Kazakhstan

CPEC's wholly-owned subsidiary signed a USD 2.524 billion EPC contract for a seawater pipeline project with Iraq's Basra Oil Company, with a contract duration of 54 months. This contract is expected to have a positive impact on operating revenue and profit over the next 4-5 years, but it will not have a significant impact on the total assets, net assets, and net profit for this fiscal year

Zhitong

CPEC's subsidiary signs a $2.524 billion contract for the Iraq seawater pipeline project

CPEC's wholly-owned subsidiary signed a USD 513 million EPC contract for the UAE LNG transportation pipeline project with ADNOC Gas, with a construction period of 36 months. The contract execution will have a positive impact on operating revenue and profit in the next 3-4 years

CPEC's subsidiary signs a $513 million LNG pipeline project contract in the UAE

CPEC announced that the company plans to raise no more than 5.913 billion yuan through a private placement to its controlling shareholder, China National Petroleum Corporation, with an issue price of 3.53 yuan per share and an issuance quantity of 1.675 billion shares. After this issuance, the company's controlling shareholder will still be China National Petroleum Corporation, and the actual controller will still be the State-owned Assets Supervision and Administration Commission of the State Council. The raised funds will be used for oil and gas storage and transportation project construction and to supplement working capital

CPEC: Plans to raise no more than 5.913 billion yuan through a private placement to its controlling shareholder, China National Petroleum Corporation

On the evening of August 21, CPEC disclosed its semi-annual report for 2025. The company achieved operating revenue of 36.287 billion yuan in the first half of the year, a year-on-year increase of 12.18%; the net profit attributable to shareholders was 470 million yuan, a year-on-year decrease of 10.87%; basic earnings per share were 0.0842 yuan. The company plans to distribute a cash dividend of 0.13 yuan for every 10 shares. During the reporting period, the company cumulatively achieved a new contract amount of 73.401 billion yuan, a year-on-year decrease of 3.10%. As of the end of the reporting period, the amount of contracts on hand was approximately 170 billion yuan

CPEC: Net profit in the first half of the year decreased by 10.87% year-on-year, plans to distribute 0.13 yuan per 10 shares

The Gulf region company of China Petroleum Engineering Co., Ltd. fully utilizes natural conditions and gradually replaces high-priced diesel consumption through the "photovoltaic + diesel power generation" dual system model, effectively reducing greenhouse gas and pollutant emissions while lowering costs and increasing efficiency. Recently, the company completed the electrification of a new 17,000 square meter photovoltaic panel array at the Bab oil field Camp No. 2, injecting clean energy into this desert area once again

The 17,000 square meter photovoltaic panel array at the No. 2 camp of the Babu Oilfield, constructed by the engineering construction company under CPEC, has officially been powered on

CPEC(600339.SH)