Welcome to our dedicated page for Petrochina news (Ticker: PCCYF), a resource for investors and traders seeking the latest updates and insights on Petrochina stock.
PetroChina Company Limited (PCCYF) is a global energy leader with integrated operations spanning oil and gas exploration, refining, and renewable energy initiatives. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping one of the world's most comprehensive energy value chains.
Access verified press releases covering quarterly earnings, strategic partnerships, and operational milestones across upstream production, midstream processing, and downstream distribution networks. Our curated collection includes updates on PetroChina's expanding new energy ventures and technological innovations in carbon management.
Bookmark this page for direct access to essential announcements about resource discoveries, refining capacity expansions, and market leadership developments. Regular updates ensure you stay informed about PetroChina's initiatives in traditional energy sectors and emerging sustainable technologies.
PetroChina reported strong financial results for the first nine months of 2024, with revenue reaching RMB 2.26 trillion and net profit growing 0.7% year-on-year to RMB 132.52 billion. The company's debt-to-asset ratio improved to 39.5%, a 14-year low. Oil and gas equivalent output increased 2.0% to 1.342 billion barrels, with natural gas sales up 8.6% to 209.82 billion cubic meters. The company's new energies and materials business showed significant growth, with new materials production surging 62.6%. Operating profits were notable across segments: oil, gas and new energies (RMB 144.26 billion), refining and chemicals (RMB 15.28 billion), marketing (RMB 12.90 billion), and natural gas sales (RMB 25.27 billion).
PetroChina (HKSE:00857, SSE:601857) reported record-high operating results for the first half of 2024, marking the third consecutive year of record-breaking interim performance. Key highlights include:
Financial Performance:
- Operating income: RMB 1.6 trillion (5% YoY increase)
- Net profit: RMB 88.61 billion (3.9% YoY increase)
- Annualized average return on equity: 10.4%
- Debt-to-asset ratio: 39.4% (1.4 percentage points decrease)
- Debt-to-capital ratio: 11.3% (3.9 percentage points decrease)
- Interim dividend: RMB 0.22 per share (Total payout: RMB 40.26 billion)
Operational Highlights:
- Total production: 123 million tons oil equivalent (1.3% YoY increase)
- Crude oil production: 64.45 million tons
- Marketable natural gas output: 73.18 billion cubic meters
- Processed crude oil: 0.69 billion barrels (3.0% YoY increase)
- Refined products output: 60.12 million tons (2.1% YoY increase)
- Chemical products output: 19.04 million tons (10.2% YoY increase)
- Natural gas sales: 147.22 billion cubic meters (12.9% YoY increase)
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