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

Oil and gas giant PetroChina reports $162b liability

By Dai Tian (chinadaily.com.cn) Updated: 2016-04-11 15:31

Oil and gas giant PetroChina reports $162b liability

PetroChina's petrol station is pictured in Beijing, China, March 21, 2016. [Photo/Agencies]

Among all non-financial A-share companies, the country's biggest oil and gas producer PetroChina Co tops the list with 1.05 trillion yuan ($162.8 billion) liability, reported Securities Daily citing statistics.

It recorded the liability despite bringing down its debt ratio to 43.8 percent from 45.2 percent a year ago after slashing total debts by 3.5 percent last year.

PetroChina obtained regulatory approval in December to issue no more than 40 billion yuan worth of corporate bonds, according to Xinhua.

The thirst for liquidity came as oil companies reported a weaker year due to nosediving oil price. Brent crude, the benchmark for more than half the world's oil, plunged 48 percent last year.

PetroChina reported a 67 percent slump in net profit to 35.5 billion yuan, marking its worst performance since 1999, according to the company's annual report. The other mainland-listed oil magnet Sinopec reported a 32.1 percent decrease in net profit to 32.2 billion yuan.

Cost management has gained increasing attention, with PetroChina planning a 23 percent, or 155.7 billion yuan, cut on capital expenditure, said the newspaper citing comment from the management.

Oil giants are also eyeing enhanced ownership reform to keep lean, said analysts. PetroChina sold remaining natural gas reserves under its Xinjiang, Southwest, Huabei, Dagang, Liaohe and Changqing subsidiaries to local petroleum administrations for 3.51 billion yuan, in a drive to clarify assets relationship and recover cash flow early, it said in a regulatory filing last November.

The company reported a 26.7 percent decrease in cash flow from operating activities to 261.31 billion yuan and a 25.8 percent slump in cash flow from investment activities.

Financial group Nomura expects Brent crude oil price to recover to $40 per barrel this year and gradual demand and supply rebalancing will likely propel prices to an average $60 next year, it said in a note on Monday.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本三级s级在线播放 | 国产猛烈无遮掩视频免费网站男女 | 国产精品久久久影院 | 国产一级特黄aa级特黄裸毛片 | 91亚洲免费 | 日韩一级精品久久久久 | 老司机亚洲精品影院 | 国产三级做爰在线观看 | 中文字幕在线观看91 | 亚洲 欧美 中文字幕 | 欧美黑人巨大最猛性xxxxx | 情侣自拍啪啪 | 久久免费黄色 | 欧美日韩视频一区二区三区 | 国产成人高清在线观看播放 | 男人的天堂在线精品视频 | 亚洲天堂区 | 久久久免费观看 | 久久国产精品亚洲 | 99久久综合国产精品免费 | 美女毛片视频 | 久久99国产精一区二区三区 | 真人一级毛片免费观看视频 | 欧美成人三级网站在线观看 | 在线播放人成午夜免费视频 | 欧美性色xo影院69 | 国内真实愉拍系列情侣 | 国产精品秦先生手机在线 | 成年人免费视频观看 | 久久福利资源国产精品999 | 久久视频在线视频 | 亚洲欧美一区二区三区国产精品 | 一级特黄aaa大片免费看 | 久久视频这里只有精品 | 色老头老太做爰视频在线观看 | 特级毛片aaaa级毛片免费 | 久久99国产亚洲精品观看 | 日本特级黄毛片毛片视频 | 欧美乱大交xxxxx在线观看 | a毛片在线播放 | 97在线观看成人免费视频 |