Date: 7 months ago   Category: Energy

PetroChina in the III quarter has increased net profit by 4,5 times — Rambler News Service


The net profit of PetroChina has made 21,036 billion Chinese yuans ($3,02 billion) in the III quarter 2018, it is told in materials of the company. The net profit of the company in January-September has made 48,124 billion yuans ($6,92 billion) that is 2,8 times more than in nine months of last year. The revenue of the company for the III quarter has made 601,111 billion yuans ($71,57 billion) that is 24,8% more, than during the corresponding period of last year. Revenue in nine months has increased for 17,3% and has made 1,71 trillion yuans ($245,84 billion) Oil production in January-September has increased by 0,5% in comparison with an indicator in nine months of last year — to 663,3 million barrels, gas production has grown by 4,8% — up to 2,662 trillion cubic feet. Extraction of hydrocarbons has made 1,107 billion barrels of an oil equivalent that is 2,2% more than an indicator for the same period of 2016. Petrochina — the largest producer of oil and gas in China. The largest shareholder of PetroChina is the Chinese state company CNPC.

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