PetroChina Company Class H ( (PCCYF) ) has released its Q2 earnings. Here is a breakdown of the information PetroChina Company Class H presented to its investors.
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PetroChina Company Limited, a leading player in the oil and gas sector, operates as a joint stock limited company in China, focusing on the exploration, development, and production of crude oil and natural gas, as well as refining, marketing, and new energy ventures.
In its latest earnings report for the first half of 2025, PetroChina reported a revenue of RMB1,450,099 million, marking a 6.7% decline from the previous year. The company also saw a decrease in profit attributable to owners, which stood at RMB84,007 million, down by 5.4%. Despite these declines, the company declared an interim dividend of RMB0.22 per share, reflecting its commitment to shareholder returns.
Key financial metrics revealed a mixed performance. While revenue and profit saw declines, net cash flows from operating activities increased by 4.0% to RMB227,063 million. The company also reported a slight increase in total assets, which rose by 3.5% to RMB2,849,390 million. In terms of operational highlights, PetroChina’s domestic oil and gas production saw modest growth, with a notable 70% increase in energy output from wind and photovoltaic power plants.
The company faced challenges in its refining and chemicals segment, with a 12.8% decrease in revenue due to lower prices of refined and chemical products. However, the natural gas sales segment showed resilience, with a 4.3% increase in revenue driven by higher domestic sales volumes. The marketing segment experienced a 7.8% decline in revenue, attributed to lower international trading revenues and refined oil prices.
Looking ahead, PetroChina remains focused on enhancing its operational efficiency and optimizing its asset structure. The company aims to continue its strategic investments in new energy and maintain a balanced approach to growth in both domestic and international markets, despite the ongoing challenges in the global oil and gas industry.