PetroChina Company Class H ( (PCCYF) ) has released its Q4 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 oil and gas producer in China and one of the largest globally, engages in exploration, production, and marketing of crude oil, natural gas, and petrochemical products. In its latest earnings report for 2024, PetroChina announced a revenue of RMB2,937.981 billion, marking a 2.5% decrease from the previous year, while profit attributable to owners rose by 2.0% to RMB164.684 billion, reaching a historical high. Key financial highlights include a slight increase in crude oil output and a significant rise in natural gas production, despite a challenging market environment with declining oil prices. The company also reported substantial growth in its new energy segment, with wind and photovoltaic power generation more than doubling. Looking forward, PetroChina remains committed to enhancing its operational efficiency and profitability, focusing on strategic investments in new energy and maintaining a robust financial position.