www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 国产成人精品福利网站人 | 久久夜色邦福利网 | 久久r这里只有精品 | 亚洲免费一区 | bt天堂国产亚洲欧美在线 | 香蕉97碰碰视频免费 | 九色福利| 中国大陆一级毛片 | 日韩一级特黄毛片在线看 | 国产免费怡红院视频 | 欧美成人午夜免费完成 | 精品 日韩 国产 欧美在线观看 | 成人1000部免费观看视频 | 97在线免费看视频 | www.xxx.国产| 三级视频中文字幕 | 欧美国产成人一区二区三区 | 美女张开腿男人桶 | 香港三澳门三日本三级 | 在线第一页 | 亚洲欧美精选 | 久草免费资源视频 | 日韩精品在线观看免费 | 欧美成人免费全部色播 | 国产欧美日韩在线 | 经典三级久久久久 | 亚洲天堂视频一区 | 国产精品日韩欧美在线 | 久久久久久免费播放一级毛片 | 亚洲欧美日韩国产vr在线观 | 久草在线视频新时代视频 | 免费人成黄页网站在线观看国产 | 国产成人深夜福利短视频99 | 精品久久久久久久久久久 | 亚洲国产老鸭窝一区二区三区 | 精品国产网站 | 亚洲一区在线视频观看 | 国产第三区 | 欧美69xx | 超清国产粉嫩456在线免播放 | 美国一级做a一级视频 |