China Petroleum & Chemical Corp, Asia’s biggest oil refiner, said yesterday that it had asked the government to exempt taxes levied on the imports of crude oil and fuel to help boost profits.
If the exemptions were approved by the government, the changes would be reflected in the next-quarter report, financial officer Dai Houliang said.
Tags: Fuel, [...]
PetroChina Co, the country’s biggest oil and gas producer, posted a 30 percent increase in third-quarter earnings thanks to higher crude oil prices and increased output.
The company reported a net profit of 39.89 billion yuan from July to September. Earnings per share were 0.22 yuan, an increase of 0.05 yuan from the same period of [...]
PetroChina Co, the country’s biggest oil and gas producer, posted a 30 percent increase in third-quarter earnings thanks to higher crude oil prices and increased output.
The company reported its net profit was 39.89 billion yuan in July to September period this year, growing 9.19 billion yuan from 30.7 billion yuan in the same period of [...]
China Petroleum & Chemical Corp., Asia’s biggest oil refiner, said it asked the government to suspend taxes levied on the imports of crude oil and fuel to help boost profits.
If the exemptions were approved by the government, the changes will be reflected in the next-quarter report, Chief Financial Officer Dai Houliang said in a conference [...]
China Petroleum & Chemical Corp. and PetroChina Co., the nation’s biggest oil companies, will probably post smaller refining losses in the third quarter after crude prices fell from July’s record.
Operating losses at China Petroleum’s refining division may narrow 42 percent to 34.4 billion yuan ($5 billion) in the third quarter from the April-to-June period, said [...]
China National Petroleum Corp., the nation’s top oil producer, plans to issue 20 billion yuan ($2.9 billion) worth of bonds to buy shares in listed unit PetroChina Co. and fund overseas exploration projects.
The bonds will be issued on Nov. 3, the Beijing-based state oil company said in a statement on the official Chinabond Web site [...]
