PetroChina Profits Jump 22% in H1 on Rising Global Energy Prices
PetroChina said higher oil prices and stronger aviation fuel sales lifted first-half net profit to 103.94 billion yuan.
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China's largest oil and gas producer has also benefited significantly from the global rise in energy prices. PetroChina saw profits rise by 22 percent in the first half of this year, driven by increasing revenues from oil and gas extraction.
Petroshina's Profits Jump 22% in the First Half with Support From the Oil Rise-- the Stock Exchange.
Petrochina's profits jumped by 22% in the first half, supported by rising world energy prices, which increased the revenue from exploration and production activities of China's largest oil and gas producer. Net income rose to 103.9 billion yuan ($15.4 billion) during the six months ending in June, according to Petrochina's Sunday disclosure.
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Nieuws.nlBEIJING (ANP/BLOOMBERG) - China's largest oil and gas producer has also benefited significantly from the global rise in energy prices. PetroChina saw profits rise by 22 percent in the first half of this year, driven by increasing revenues from oil and gas extraction. The net profits...
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Cryptocurrency News | Cryptocurrency Prices | Market CapPetroChina profits jump 22% in H1 on rising global energy prices
PetroChina's profit surge highlights the potential for sustained energy sector earnings amid volatile geopolitical and market conditions. The post PetroChina profits jump 22% in H1 on rising global energy prices appeared first on Crypto Briefing.
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