PetroChina posts modest profit growth amid market challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2025
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Should l Buy ?
Source: SeekingAlpha
PetroChina's Financial Performance: PetroChina reported a 2% increase in net profit for the past year, reaching 164.7 billion yuan ($22.7 billion), despite a slight decline in annual revenue and challenges in its refining sector due to lower energy prices.
Production and Market Challenges: The company increased crude production to 942 million barrels amid a global oil price decrease, while facing ongoing difficulties in downstream operations as demand weakens, highlighted by Sinopec's recent profit drop.
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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.
