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PetroChina Company Limited reported strong financial results for the first three quarters of 2022, despite external challenges.
Revenue reached RMB 2,460 billion, up 30.6% year-on-year, and net profit attributable to the parent company soared 60.1% to RMB 120.271 billion.
Crude oil output increased to 677 million barrels, with significant growth in natural gas production. The company continues to enhance its oil and gas industrial chain, optimizing operations, and expanding exploration and development efforts.
PetroChina Company Limited reported outstanding results for the first half of 2022, with revenues reaching RMB 1.6 trillion and a net profit of RMB 82.39 billion. The company saw a 3.9% increase in domestic oil and gas output, totaling 103.32 million tons. Key operational improvements included a 1.2% decrease in debt-to-capital ratio and a substantial increase in free cash flow by RMB 89.21 billion. The company proposed an interim dividend of RMB 0.20258 per share, amounting to RMB 37.08 billion in total dividends.
PetroChina Company Limited announced its intention to voluntarily delist its American Depositary Shares (ADSs) from the NYSE effective from September 8, 2022. This decision, approved by the Board of Directors, stems from the small proportion of ADSs compared to total H Shares and limited trading volume. The company will file Form 25 with the SEC around August 29, 2022, and the ADR program will terminate on October 16, 2022. Despite delisting from the NYSE, PetroChina continues to maintain its listings on the HKSE and SSE.
PetroChina Company Limited has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC. This report includes audited financial statements and can be accessed on the SEC's website and PetroChina's official site. Shareholders can request a hard copy of the report at no charge. The report filing is essential for transparency and compliance with U.S. regulations.
PetroChina reported steady growth in Q1 2022, achieving revenues of RMB 779.37 billion and a net profit of RMB 39.06 billion. The company saw a 4.5% year-on-year increase in oil and gas equivalent output, with natural gas output rising by 5.4%. Significant advancements in refining produced 1.959 million tons of ethylene, up 21.8% year-on-year. The natural gas marketing sector also performed well, with 60.615 billion cubic meters sold, a 10.9% increase. PetroChina aims to enhance corporate governance and green transformation moving forward.
PetroChina Company Limited reported strong 2021 results, with revenue reaching RMB 2.6 trillion, a 35.2% increase year-on-year. Operating profit rose to RMB 161.15 billion, and net profit attributable to owners hit RMB 92.17 billion, growing by RMB 73.16 billion. The company focused on a green transition, achieving significant milestones in natural gas production and renewable energy projects. Oil and gas reserves increased, with domestic crude oil output at 753.4 million barrels, a 1.3% rise. The ongoing efforts in scientific innovation and technological advancements positioned PetroChina for sustainable growth.
PetroChina Company Limited has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. This report includes audited financial statements and is accessible via the SEC's website and PetroChina's official site. Stakeholders can request a hard copy of the report at no cost. The Company aims to provide transparency and maintain communication with shareholders regarding its financial performance.
