PetroChina Reports Record Growth for First Nine Months of 2024

PetroChina Company Limited announced significant operational achievements for the initial three quarters of 2024. The company recorded a notable revenue increase, reaching RMB 2.26 trillion. Net profit for shareholders grew slightly by 0.7% to RMB 132.52 billion, compared to the previous year. For the third quarter alone, there was a 2.3% rise quarter-on-quarter in net profit, totaling RMB 43.91 billion.

The company's core oil and gas segment maintained robust and profitable operations, while its new energies division saw rapid expansion. Crude oil production slightly increased to 708 million barrels, alongside a more substantial gain in marketable natural gas output at 3.80 trillion cubic feet, both showing positive year-on-year growth.

PetroChina also made strides in refining and chemical segments, generating an operating profit of RMB 15.28 billion. Additionally, it bolstered its natural gas sales, reporting an 8.6% year-on-year rise, with an improved operating profit of RMB 25.27 billion.