CNPC profits exceed 100 billion yuan in the first three quarters

18:26, October 28, 2010      

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The overall business performance of China National Petroleum Corporation (CNPC) in the first three quarters of 2010 was better than expected. In accordance with international financial reporting standards, CNPC recorded a net profit of more than 100 billion yuan that belongs to shareholders of the company and the earnings per share reached 0.55 yuan, an increase of 23 percent compared with the same period in 2009.

In the first three quarters of 2010, CNPC produced a total of 640 million barrels of crude oil, an increase of more than 1 percent compared with 2009, and produced nearly 1.7 trillion cubic feet of marketable natural gas, an increase of nearly 11 percent.

It also achieved the stable raise of domestic crude oil production and continued to maintain the double-digit growth in natural gas production. In addition, CNPC sold a total of more than 90.9 million tons of gasoline, diesel oil and kerosene, an increase of more than 24 percent compared with 2009.

By People's Daily Online


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