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: 一区二区三区精品国产 | 国产一区二区成人 | 韩国在线精品福利视频在线观看 | 日本高清久久 | 成年人网站在线观看视频 | 成人人免费夜夜视频观看 | 久久r视频 | 97久久精品国产精品青草 | 免费欧美在线视频 | 三级毛片大全 | 国产日韩欧美 | 免费萌白酱国产一区二区三区 | 久久精品大片 | 亚洲an日韩专区在线 | 香港三级88久久经典 | 亚洲精品久久一区二区无卡 | 在线第一页 | 特色毛片 | 欧美日韩视频在线第一区二区三区 | 国产三级黄色片 | 撸久久 | 国产精品一国产精品免费 | 亚洲欧美激情精品一区二区 | 一级毛片成人午夜 | 亚洲精品国产福利 | 午夜免费69性视频爽爽爽 | 色吊丝在线观看国产 | 午夜三级a三级三点在线观看 | 男女午夜视频在线观看 | 欧美日韩中文字幕在线观看 | 日本成人一级片 | 日韩a级 | 亚洲一区二区中文字幕 | 国产片自拍 | 九九视频在线 | 午夜毛片视频高清不卡免费 | 欧美亚洲日本韩国一级毛片 | 91免费永久国产在线观看 | 久久99精品久久久久久久野外 | 成人在线综合网 | 日本免费毛片 |