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Published 17 days ago

PetroChina Books Its Highest Ever Q1 Profit

Summary by Oil Price

PetroChina reported on Monday its highest net profit for a first quarter as its revenues rose by 11% thanks to steady oil prices and higher domestic natural gas demand and production. The Chinese state-held oil and gas giant booked $6.3 billion (45.681 billion Chinese yuan) in net profit for the first quarter of 2024, up by 4.7% year-over-year, as higher drilling and demand for natural gas more than offset weaker refining margins amid a sput…

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PetroChina Books Its Highest Ever Q1 Profit

PetroChina reported on Monday its highest net profit for a first quarter as its revenues rose by 11% thanks to steady oil prices and higher domestic natural gas demand and production. The Chinese state-held oil and gas giant booked $6.3 billion (45.681 billion Chinese yuan) in net profit for the first quarter of 2024, up by 4.7% year-over-year, as higher drilling and demand for natural gas more than offset weaker refining margins amid a sput…

17 days ago·London, United Kingdom

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