三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Companies

PetroChina net profit drops 82% in Q1

By Du Juan (China Daily) Updated: 2015-04-29 07:20

PetroChina net profit drops 82% in Q1

A PetroChina gas station in Nantong, Jiangsu province. Xu Congjun / For China Daily

PetroChina Co has blamed the plunge in global oil prices after reporting an 82 percent drop in net profit to 6.15 billion yuan ($1 billion) in the first quarter compared to the same period last year.

The State-owned energy giant said on Monday the results were "better-than-expected" as it struggles against a background of falling crude prices across the world.

As global demand dips, PetroChina's average oil price fell 51.2 percent year-on-year to $48.87 a barrel for the first three months.

If prices continue to stay low, the country's biggest energy producer would suffer a significant drop in half-year profit compared to the same period last year.

"In the first quarter of 2015, the world economy recovered slowly and geopolitics continued to be turbulent," PetroChina said late on Monday in a statement to the Hong Kong Stock Exchange, where it is listed.

A slowdown in China's economic growth has also hit the company, which is now reducing costs and increasing efficiency to compete with the slump in global oil demand.

Turnover at PetroChina dipped 22.4 percent year-on-year to 410.36 billion yuan in the first quarter, according to the statement.

"International crude oil prices have significantly declined since the second half of 2014 and fluctuated at a low level in the first quarter of 2015," PetroChina chairman Zhou Jiping said in the statement.

In the first quarter, the company produced 239.4 million barrels of crude, up 3.3 percent year-on-year, and 850.8 billion cubic feet of natural gas, an increase of 7.7 percent.

Other key figures showed that the exploration and production division of the company suffered a 67.2 percent net profit decline to 17.30 billion yuan for the first quarter.

The refining unit, which was seriously affected by the fall in domestic retail oil prices, posted a loss of 3.79 billion yuan during the first three months.

But PetroChina is not the only major energy company to suffer from falling crude prices. CNOOC Ltd, China's biggest offshore oil and gas developer, reported a 39.9 percent fall in revenue during the first quarter. On Friday, the company said revenue dropped to 35.54 billion yuan in the first three months compared to the same period last year.

Asia's largest refiner Sinopec Group last month issued a profit warning for the first quarter when the company announced a 29.7 percent profit decline in 2014 compared with the previous year.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美另类亚洲一区二区 | 亚洲国产情侣一区二区三区 | 日韩精品久久一区二区三区 | 一级毛片国产真人永久在线 | 九九视频免费观看 | 毛茸茸年轻成熟亚洲人 | 欧美一级淫片漂亮的老师 | 香蕉人精品视频多人免费永久视频 | 尤物精品国产第一福利三区 | 亚洲国产成人久久笫一页 | 欧美洲久久日韩欧美 | 免费大学生国产在线观看p 免费大黄网站在线观看 | 一级毛片男女做受 | 久操影视 | 国产美女激情视频无打码 | 日本在线精品视频 | 高h辣肉各种姿势爽文bl | 免费观看欧美精品成人毛片 | 爱爱小视频免费体验区在线观看 | 污视频在线观看免费 | 日韩美女人体视频免费播放 | 亚洲夜色夜色综合网站 | 国产一级做a爱片久久毛片a | 亚洲 自拍 欧美 另类小说 | 黄色日韩| 新26uuu在线亚洲欧美 | 婷婷色5月 | 一级做a爰片性色毛片2021 | 国产在线视频区 | 日本人一级大毛片 | 久久精品视频5 | 在线视频国产网址你懂的在线视频 | 国产成人综合高清在线观看 | 黄色一级免费看 | 免费二级c片在线观看a | 一区二区视频在线播放 | 99超级碰碰成人香蕉网 | 俄国特级毛片www免 俄罗斯14一18处交 | 中国帅小伙肌肉gaysextube | 打电话系列国产在线 | 久久国产精品影院 |