久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 日韩成人免费在线视频 | 绝对真实偷拍盗摄高清在线视频 | 亚洲日本欧美产综合在线 | 69久成人做爰视频 | 美女的被男人桶爽网站 | 久久黄色一级视频 | 又粗又爽又色男女乱淫播放男女 | 黄.www| 91成人国产| 看一级特黄a大片日本片 | 97国产精品欧美一区二区三区 | 国产视频99 | 国产乱色在线观看 | 6080伦理久久亚洲精品 | 亚洲毛片免费看 | 日韩中文字幕免费观看 | 免费成人高清视频 | 全部在线播放免费毛片 | 亚洲国产欧美一区 | 久久综合久久美利坚合众国 | 国产精品99r8免费视频2022 | 青青青免费手机版视频在线观看 | 国产精品免费看久久久香蕉 | 国产va精品网站精品网站精品 | 在线观看视频99 | 成人性视频在线 | japanesetubesexfree | 美女与男人对肌免费网站 | 毛片手机在线 | 午夜一区二区福利视频在线 | 午夜视频国产 | 91视频最新网站 | 欧美一级特黄aaaaaa在线看片 | 亚洲清纯自偷自拍另类专区 | 亚洲成人高清在线 | 欧美日韩在线视频免费完整 | 老头做爰xxxx视频 | gdcm01果冻传媒 | 中文字幕在线视频在线看 | 成人18免费入口 | 国内亚州视频在线观看 |