Crossing the energy transition cycle through the new service paradigm

On the map of energy transition, two sets of data for the end of 2025 and the beginning of 2026 precisely outline the changing trajectory of China's transportation energy consumption market.

In the face of the dramatic changes in the energy structure brought about by the explosive growth of new energy vehicles, the monopoly pattern of traditional oil and gas enterprises dominated by one oil company has been broken. The only way for their survival and development is to accelerate the transformation from a single oil retailer to a comprehensive energy service operator.

The core summary of this sentence is that Sinopec has transformed from a passive follower of energy transition to an industry leader that actively defines the future energy transition ecosystem by building an integrated service system that combines diversified energy replenishment, vehicle ecology and home life.

According to the information publicly released by Sinopec, its "new service paradigm" of comprehensive energy stations at least involves three layers of transformation logic.

1.The traditional energy replenishment system is evolving towards a "full spectrum". By integrating multiple energy forms and intelligent operation, it uses "coexistence of multiple energy sources" to hedge against the risks of technical routes. This is the core and correct strategy for oil and gas enterprises to cope with the impact of new energy.

2.The value chain of oil and gas enterprises is extending from a single "energy replenishment" to a "vehicle ecosystem" covering the entire life cycle of vehicles. By integrating high-frequency value-added services, they aim to prolong users' stay time and enhance the value per customer, thereby retaining users in the fierce competition for the popularization of charging facilities.

3.The commercial Spaces of oil and gas enterprises are upgrading from closed energy refueling stations to composite service stations integrated into the community "living circle". By expanding high-frequency life services and multi-scenario linkage, they are deeply exploring spatial resources and scenario assets to enhance user stickiness and commercial conversion capabilities.

National policies have clearly stated that the scale and service capacity of charging facilities will double in the next three years, which has set an urgent time window for the transformation of oil and gas enterprises.

Sinopec's innovative practices demonstrate that the key to the transformation of traditional oil and gas enterprises does not lie in business superposition, but in proactively laying out future energy consumption patterns through high-frequency services, data operation and multi-energy collaboration. This provides a feasible path for traversing the energy transition cycle.