China’s Top Oil Companies Flag Weak Demand, Lower Crude Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
0mins
Source: WSJ
PetroChina's Profit Growth: PetroChina reported a 2.3% increase in net profit to 46.81 billion yuan ($6.42 billion) despite lower revenue, attributed to improved expense management and increased natural gas sales.
Market Conditions: The company highlighted a slowdown in demand for oil products and declining crude prices in China's economy, reflecting challenges faced by the energy sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
