PetroChina's net profit in the first three quarters was 131.651 billion yuan, a year-on-year increase of 9.8%
Release time：2024-08-21click：8
It was learned from PetroChina that in the first three quarters of 2023, PetroChina seized the favorable opportunity of the recovery of domestic macroeconomic and oil and gas market demand, coordinated production and operation, safety and environmental protection, and reform and innovation, and continued to increase domestic oil and gas exploration and development and increase reserves and production. , accelerate the structural adjustment, transformation and upgrading of the refining and chemical business, continuously improve customer service levels and sales capabilities, and further promote special actions to improve quality and efficiency. The two major oil and gas industry chains operate safely, stably and efficiently. Despite the decline in oil and gas product prices, operating performance The best level in the same period in history.
In accordance with international financial reporting standards, the company achieved operating income of 2.282135 billion yuan in the first three quarters and net profit attributable to shareholders of the parent company of 131.651 billion yuan, a year-on-year increase of 9.8%. Net cash flow from operating activities and free cash flow increased by 8.8% and 7.2% year-on-year respectively, indicating a healthy financial position.
Crude oil production increased steadily, and natural gas production maintained rapid growth. The company continues to vigorously strengthen oil and gas exploration and development and increase reserves and production, solidly promote the construction of new energy bases, and promote the integrated development of oil and gas and new energy. Continue to strengthen cost and expense control and insist on paying equal attention to output and efficiency. Overseas business seizes the development opportunities of the “Belt and Road Initiative”, continues to optimize the oil and gas exploration business layout and asset structure, and continuously improves the quality of overseas oil and gas assets. In the first three quarters, oil and gas equivalent production was 1.315 billion barrels, a year-on-year increase of 5.1%.
Continuing to optimize the refining and chemical business layout, operating profits increased significantly. The company adheres to the market orientation, continues to optimize its business layout, maintains safe, stable and high-load operation of production equipment, strives to increase the production of high value-added and specialty refining products, vigorously develops characteristic and advantageous chemical products and new material business, and continuously improves the production and sales of new chemical material products. quantity and actively promote the construction of key projects. In the first three quarters, the volume of chemical products increased by 11.2% year-on-year.
Continue to improve marketing capabilities and increase sales and efficiency of refined oil products. The company seizes the favorable opportunity of domestic macroeconomic recovery and the rebound in demand for refined oil products, continues to increase efficient market development, improves customer service quality, expands refined oil sales, actively promotes the layout of the car charging field, and continues to improve trade marketing strength and operations. ability. In the first three quarters, sales of gasoline, kerosene and diesel increased by 13.4% year-on-year.
Continuously optimizing resource allocation, natural gas sales volume and efficiency increased. The company makes full use of both domestic and international markets and resources to continue to optimize the resource structure and control resource procurement costs; it gives full play to the advantages of industrial chain integration, fully strengthens industrial chain coordination, and strives to increase high-end and efficient market share; it strengthens market analysis and judgment, Deepen demand-side dynamic analysis, continue to improve customer service capabilities and market transaction capabilities, and continuously improve marketing quality and efficiency. forwardIn the third quarter, domestic natural gas sales increased by 5.5% year-on-year.
