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Tag: PetroChina

PetroChina’s strong drilling and oil production leads to a record-breaking first half of the year

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PetroChina’s strong drilling and oil production leads to a record-breaking first half of the year

(Bloomberg) — PetroChina Co. reported record profit in the first half as the company weathered weakening fuel demand in China thanks to high drilling output and strong oil prices. China’s largest oil and gas producer said production rose to 905.5 million barrels of oil equivalent during the period. Beijing has pushed its state-owned […]

PetroChina posts record profit in the first half of the year

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PetroChina posts record profit in the first half of the year

PetroChina reported record operating profit in the first half of the year amid rising crude oil and natural gas production that more than offset weak Chinese fuel demand. PetroChina, the country’s largest oil and gas producer, reported a 3.9% year-on-year increase in net profit to $12.44 billion (88.61 billion Chinese yuan) in the first half […]