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PetroChina Sets New, Mid-term Record
PetroChina Company Ltd., which has listed in the United States and Hong Kong, netted 23.07 billion yuan of profits in the first six months this year, setting a new record of achievement.
The mid-term statistics provided by the company show that by the end of this past June, the net profit from each of its share had reached 0.14 yuan, up 97 percent over the same period last year. The profit volume increased by 106 percent.
According to an analysis, the rapid profit increase of PetroChina is mainly attributed to the exploration and the growth of crude oil production. It profited from the price rise of crude oil, some refined oil products and chemical products, increase in the sales of natural gas as well as the reduction in the product costs of the company.
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