Yanchang Petroleum Group has adhered to a work principle centered on practical action, reform, and compliance this year, resulting in steady growth in the output of major products and accelerated progress in key projects. In the first quarter, the group achieved an industrial output value of 61.41 billion yuan, a year-on-year increase of 3.9%, and paid taxes and fees totaling 11.681 billion yuan, maintaining its leading position among provincial enterprises.

In terms of production and operations, Yanchang Petroleum Group saw stable growth in the output of its main products. Crude oil production reached 3.0093 million tons, up 1.45% year-on-year; natural gas output totaled 3.641 billion cubic meters, rising 19.03%; coal production reached 10.4915 million tons, increasing 15.98%; and tire production amounted to 1.9375 million units, growing 8.36%.

To expand market share and enhance brand recognition, Yanchang Petroleum Group held its second product promotion event outside Shaanxi in Foshan, Guangdong, showcasing five major product and service categories: petroleum products, natural gas, coal, chemicals, and equipment manufacturing. The group also signed supply agreements with direct natural gas customers.

In the first quarter, Yanchang Petroleum Group sold 2.8775 million tons of refined oil, with sales within Shaanxi Province increasing by 28.78% year-on-year. Natural gas sales outside the province reached 1.095 billion cubic meters, up 27.72%, while tire exports totaled 1.2348 million units, growing 4.43%. Additionally, during the heating season, the group supplied 1.674 billion cubic meters of natural gas for residential use, a 6.2% year-on-year increase.

In project development, Yanchang Petroleum Group focused on effective investment, implementing a leadership responsibility system for 52 key projects. Twenty-two of these projects were included in Shaanxi Province’s key project list, with total investment reaching 9.056 billion yuan in the first quarter, a 1.45% year-on-year increase.

Moving forward, Yanchang Petroleum Group will prioritize maximizing production capacity for crude oil, refined oil, coal, chemicals, and tires. It will also closely monitor market trends, increase product exports, and continue online product auctions to ensure achieving half-year targets on schedule.