24 stories found
PetroChina has reported a twenty-two percent increase in first-half net profit, offsetting a decline in domestic crude oil production through higher refining margins and elevated global energy prices. The results underscore the state-owned enterprise's resilience amid shifting market conditions.
PetroChina's first-half earnings surged by 22% year-over-year, even as weakening domestic demand in China led to a drop in fuel sales volumes.
China's largest oil and gas producer reported significantly higher upstream revenues in the first half of the year, benefiting from elevated global energy costs that boosted overall profitability.
Woodside has exercised its pre-emptive right to purchase PetroChina's 10.67% stake in the Browse Joint Venture. This move allows Woodside to increase its ownership in the significant gas project.
Contemporary Amperex Technology Co. Ltd. (CATL) has exceeded PetroChina in market capitalization, driven by increasing investments and confidence in green energy technologies.
Iran has implemented a selective blockade in the Strait of Hormuz, leading to warnings from experts about long-term global supply chain disruptions, while the UAE is reportedly lobbying for a UN Security Council resolution to forcibly open the strait and seeking a military coalition for this purpose.
PetroChina has reported a slip in its profits from a previous record high, despite ending its five-year plan strongly.
PetroChina is keeping its gas contracts stable as a strategic measure to mitigate the impact of rising global energy prices.
Recent analysis indicates that PetroChina has achieved stronger downstream operational results compared to rival Sinopec, reflecting diverging efficiencies in refining and distribution networks.
China National Petroleum Corporation announced strong interim performance for the first half of 2026, marking a robust start to the nation's 15th Five-Year Plan period.
Morningstar analyzes the current trading price of PetroChina Co Ltd Class H shares against its estimated fair value, providing investment insights.
Japanese energy company Inpex is set to purchase a stake in Australia's Browse gas field from PetroChina, marking a significant transaction in the energy sector.
PetroChina is reportedly covering a supply shortfall at its Singapore plant by utilizing crude oil from its storage facilities in China, according to industry trackers.
PetroChina has reportedly used crude oil from its China storage to cover a supply shortfall at its Singapore plant, according to industry trackers.
PetroChina reported a 4.5% decrease in its net profit for 2025, primarily attributed to a decline in global oil prices.
PetroChina is maintaining stable downstream gas offers, despite ongoing geopolitical tensions and war risks that could impact energy markets.
The Chinese state-owned oil major posted a 22% year-over-year earnings increase, benefiting from robust refining margins and steady upstream production throughout the first half of the year.
Chinese state-owned oil giant PetroChina has pulled its scheduled first-half financial results publication, raising questions about the reporting timeline.
China's PetroChina and France's TotalEnergies are investing in a major oil exploration project off the coast of Suriname.
PetroChina announced a record quarterly profit, driven by higher oil prices. Separately, HKEX also posted a record quarterly profit, surpassing forecasts due to increased listings and turnover.
Autonomous taxis from Baidu's Apollo Go experienced a widespread system failure in Wuhan, China, causing over 100 vehicles to stop abruptly in traffic, leading to collisions and paralyzing road movement, with police rescuing stranded passengers.
PetroChina has announced a 4.47% decrease in its net profit for the year 2025.
PetroChina reported a drop in profit, attributed to lower oil costs and a decrease in fuel demand.
Petro Mata's shares have increased after the company received a payment from PetroChina.