PetroChina Company Class H ( (PCCYF) ) has released its Q1 earnings. Here is a breakdown of the information PetroChina Company Class H presented to its investors.
PetroChina Company Class H, a leading player in the oil and gas sector, is known for its extensive operations in exploration, production, refining, and marketing of petroleum and petrochemical products. It operates primarily in China and has a significant presence in the international energy market.
In its latest earnings report for the first quarter of 2025, PetroChina reported a mixed performance. The company faced a decline in operating revenue, which fell by 7.3% to RMB 753.1 billion compared to the same period last year. However, it achieved a 2.3% increase in net profit attributable to shareholders, reaching RMB 46.8 billion, largely due to increased domestic natural gas production and effective cost control.
Key financial highlights include a 25.3% increase in net cash flow from operating activities, reaching RMB 139.4 billion, and a slight improvement in basic and diluted earnings per share, both up by 2.3% to RMB 0.26. The company also reported a 3.2% growth in total assets, amounting to RMB 2,841.23 billion, and a 3.3% increase in equity attributable to shareholders.
Looking ahead, PetroChina remains committed to enhancing its operational efficiency and pursuing green and low-carbon transformation. The company is focused on maintaining stable and efficient operations in its oil and gas sectors while expanding its footprint in new energy and materials, aiming for sustainable growth in the evolving energy landscape.