PetroChina Profit Dives 63% in First Half



Reuters

BEIJING, Aug 27 (Reuters) - PetroChina , China's biggest oil and gas producer, reported a 63 percent drop in its first-half profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.

Net profit declined to 25.4 billion yuan ($3.97 billion) in the first six months of 2015, from 68.1 billion yuan a year ago, the state-controlled company said on Thursday in a filing with the Hong Kong bourse.

In April, PetroChina reported an 82 percent slump in net profit for the first quarter.

(Reporting by Adam Rose and the Bengaluru Newsroom; Editing by Subhranshu Sahu)



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES