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 [...]
China Petroleum and Chemical Corp (Sinopec)<600028><386>, the largest oil refiner in Asia, announced on Wednesday that its directorate has approved the proposal to issue medium-term bonds worth up to RMB 30 billion.
According the company’s filing to the Shanghai Stock Exchange yesterday, the bonds will be issued in one batch or several batches in the fourth [...]
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 [...]
Major refiner China Petroleum & Chemical Corp. also known as Sinopec, reported Wednesday that its profit fell 39 percent in the third quarter due to record high costs for crude oil for a big part of that period.
The state-owned company, earned 8.2 billion yuan ($1.2 billion) in the July-September period compared to a profit 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 [...]
