PetroChina's 2024 Semi-annual Report Strong Performance in Revenue and Net Profit

TapTechNews August 27th news, on the evening of August 26th, PetroChina Company Limited (hereinafter referred to as PetroChina) released its semi-annual report for 2024 on the Hong Kong Stock Exchange.

PetroChina achieved operating income of 1.55 trillion yuan in the first half of 2024, an increase of 5% year-on-year; realized a net profit attributable to the parent company of 88.611 billion yuan, an increase of 3.9% year-on-year. TapTechNews attaches the performance table as follows:

PetroChina stated in the semi-annual report that the growth in operating income was mainly due to the increase in the prices of the company's crude oil, gasoline, the increase in natural gas sales, and the increase in both volume and price of products such as kerosene and polyethylene.

In terms of financial reports, in the first half of 2024, the crude oil, gasoline, and kerosene of PetroChina led the increase. Among them, the average external sales price of crude oil increased by 8.1% year-on-year to 4207 yuan/ton; the average external sales price of gasoline increased by 4.4% year-on-year to 8341 yuan/ton.

In terms of sales volume, the main products of PetroChina such as natural gas, kerosene, and lubricants performed outstandingly. In the first half of 2024, the sales volume of PetroChina's lubricants led the increase by 32.4% to 1.01 million tons; the sales volumes of kerosene and natural gas followed, increasing by 16.4% and 12.9% respectively to 1024.3 million tons and 1472.17 billion cubic meters.

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China Petroleum & Chemical Corporation's net profit in the first half of 2024 was 35.703 billion yuan, an increase of 1.7%