PetroChina Co. Ltd. has reported CNY 164.68 billion ($22.69 billion) in web revenue for 2024, up 2 % from 2023 as elevated output offset decrease costs.
The publicly listed arm of China Nationwide Petroleum Corp. produced 243.7 million metric tons of oil equal final 12 months, up 2.2 % year-on-year. Home petroleum and pure gasoline manufacturing totaled 217 million metric tons, up 2.5 % towards 2023. Chinese language oil manufacturing rose 0.4 % to 105.2 million metric tons. Marketable gasoline manufacturing grew 4.6 % to 140.36 billion cubic meters (4.96 trillion cubic ft), PetroChina mentioned in a report on its web site.
It noticed a 2.5 % fall in common realized oil value.
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In the meantime PetroChina grew its put in wind and photo voltaic technology capability by 4.95 million kilowatts and produced 4.72 billion kilowatt hours of energy.
“Moreover, newly-signed geothermal heating contracts space reached 75.12 million sq. meters [808.58 million square feet]”, PetroChina mentioned.
Its upstream oil and gasoline and new energies enterprise generated CNY 159.75 billion in working revenue.
Downstream, PetroChina processed 190 million metric tons of crude and produced 120 million metric tons of refined merchandise.
“The commodity quantity of chemical merchandise amounted to 38.98 million tons, a rise of 13.6 % year-on-year, and the output of recent supplies surged by 49.3 % year-on-year to 2.05 million tons”, the report mentioned.
“By vigorously decreasing the manufacturing of fuels and growing chemical substances and specialty merchandise, the Firm constantly elevated the output of excessive value-added merchandise whereas actively shifting to mid-to-high-end of the ‘Refining, Chemical substances, Bio-manufacturing, Superb Chemical substances, New Supplies’ industrial chain”, it mentioned.
“Key transformation and upgrading tasks, together with Jilin Petrochemical and Guangxi Petrochemical, progressed steadily, whereas the high-end polyolefin undertaking of Blue Ocean New Supplies was formally launched.
“The Firm expanded gross sales of specialty refined merchandise, securing the most important market share in China for bonded marine gas, paraffin wax, low-sulfur petroleum coke, and specialty asphalt”.
PetroChina’s refining, chemical substances and new supplies enterprise recorded CNY 21.39 billion in working revenue.
In its advertising phase 160 million metric tons of gasoline, kerosene and diesel had been bought. Home gross sales accounted for 120 million metric tons. Phase working revenue was CNY 16.49 billion.
Individually the pure gasoline advertising phase logged CNY 54.01 billion in working revenue as gross sales grew 5.2 % to 287.75 Bcm. Home gasoline gross sales elevated 3.7 % to 227.83 Bcm.
Income totaled CNY 2.9 trillion. Free money stream landed at CNY 104.35 billion, surpassing CNY 100 billion for the third consecutive 12 months.
PetroChina’s board is recommending a last money dividend of CNY 0.25 per share inclusive of tax for 2024, towards an annual dividend of CNY 0.47. The entire dividend could be CNY 86.02 billion. “Each the ultimate and full-year dividend per share attain the best ranges in historical past for a similar interval”, PetroChina mentioned.
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