EX-4.2 4 u98519exv4w2.txt EX-4.2 2003 PERFORMANCE CONTRACT ((SU SHULIN) . . . EXHIBIT 4.2 YEAR 2003 PERFORMANCE CONTRACT WITH SENIOR VICE PRESIDENT OF PETROCHINA COMPANY LIMITED Offeree: Name: Su, Shulin Offeror: Name: CHEN, Geng Term of the Contract: January 1, 2003 to December 31, 2003 Title: Senior Vice President of PetroChina Title: President of PetroChina Company Limited ("PetroChina") Date of Execution: January 18, 2003
INDICES KEY PERFORMANCE INDICES WEIGHT MEASUREMENT TARGET ACTUAL (KPI) PERFORMANCE ------------------------------------------------------------------------------------------------------------------------------------ Profits Indices Rate of return of the invested 20% % 8.38 capital of PetroChina (ROIC) ------------------------------------------------------------------------------------------------------ Net income of PetroChina (NI) 10% In million RMB 34,280 ------------------------------------------------------------------------------------------------------------------------------------ Total profit of nature gas and pipeline business & international (exploration and development) business Nature gas and pipeline business 20% In million RMB 720 International (exploration and development) business 316 ------------------------------------------------------------------------------------------------------------------------------------ Operating Indices Gap between actual capital 10% % +/- 5 expenditures and budget of PetroChina ------------------------------------------------------------------------------------------------------------------------------------ Science and technology & 10% % 85 information indices of PetroChina West-East Gas Transmission 20% % 100 operation as planned Receivables of nature gas and 10% % Per Shiyoucaizi pipeline business & international [2001] 311 (exploration and development) business ------------------------------------------------------------------------------------------------------------------------------------ Indices to Be Put under Quality safety and environmental Material accidents involving condenser tube, Comprehensive Control protection (nature gas and booster and fire = 0; performance pipeline business & international Extraordinary quality accidents involving expressed in marks exploration and development social effects =0; to be reduced by 5 business) Extraordinary accidents involving environmental marks if exceeding pollution < or = 5 target of the index put under control. ------------------------------------------------------------------------------------------------------------------------------------
Signature of Offeree: /s/ SU SHULIN Signature of Offeror: /s/ CHEN GENG --------------- -----------------