PetroChina Firm Restricted has reported a income of RMB 753.11 billion ($103.5 billion) for the primary quarter, with a web earnings of RMB 46.81 billion ($6.4 billion), up 2.3 % year-on-year.
The corporate mentioned in a media launch that it sustained development in oil and fuel output whereas bolstering momentum in new energies. It mentioned it enhanced price administration in oil and fuel manufacturing, in addition to improved the construction of its abroad belongings.
Oil and fuel output rose 0.7 % year-on-year to 467 million barrels of oil equal (MMboe). Home manufacturing rose 1.2 % year-on-year to 418 MMboe.
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Wind and solar energy technology grew 94.6 % to 1.68 billion kilowatt-hours.
The oil, fuel, and new energies enterprise reported an working revenue of RMB 46.09 billion ($6.3 billion). The corporate responded to market demand by advancing refining and chemical upgrades, optimizing manufacturing plans, and specializing in specialty refined merchandise and new supplies to spice up high-value-added product gross sales, it mentioned.
The corporate mentioned it’s advancing its refining and chemical operations with key tasks Jilin and Guangxi Petrochemical, and Dushanzi Petrochemical Tarim Ethane-to-Ethylene.
In Q1 2025, it processed 337 million barrels of crude oil, with refined product output at 28.57 million tons. Ethylene output reached 2.27 million tons, chemical commodities totaled 9.96 million tons, and new supplies surged by 37.5 % year-on-year to 0.80 million tons.
The corporate’s chemical compounds and new supplies enterprise generated an working revenue of RMB 5.39 billion ($741.2 million), supported by improved advertising and regular market share development. It enhanced coordination in product dispatch and stock administration, adopted versatile advertising methods, and promoted retail gross sales, maximizing effectivity throughout the commercial chain. The corporate mentioned it has additionally superior non-fuel companies and proprietary merchandise, improved its built-in power service community, and expanded worldwide commerce capabilities.
Pure fuel advertising boosted quantity and profitability by leveraging the built-in trade chain, PetroChina mentioned. It mentioned it optimized procurement and gross sales distribution, strictly controlling prices and selling market-oriented gross sales. Efforts intensified to develop high-quality direct gross sales, industrial, and fuel energy prospects, reaching development in gross sales quantity and profitability. It offered 86.44 billion cubic meters of pure fuel, a 3.7 % year-on-year enhance. Home gross sales reached 69.91 billion cubic meters, up 4.2 % year-on-year. The advertising enterprise generated an working revenue of RMB 13.51 billion ($1.8 billion).
The corporate mentioned it can advance expertise empowerment, high quality and effectivity enhancement, low-cost growth, cultural management, and digital-intelligent transformation.
To contact the creator, e mail andreson.n.paul@gmail.com
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