PetroChina Profit Surpasses 100 Billion Yuan in Record First Half

The company’s revenue reached 1.527 trillion yuan, a 5.3% increase compared to the same period last year. Operating profit from oil, gas, and new energy segments hit 100.45 billion yuan, bolstered by 921 million barrels of oil equivalent in total output. Strategic exploration efforts yielded six new discoveries, while the firm successfully established major reserve areas in the Sichuan and Junggar basins.

Refining and chemical operations also saw significant momentum, contributing 14.53 billion yuan in operating profit. The company’s pivot toward high-end manufacturing is evident in its new materials output, which surged 61.4% to 2.69 million tons. Simultaneously, the marketing division expanded its footprint in the alternative energy sector, adding 592 integrated energy stations and 18,500 charging guns to its network. Technological investment remains a core focus, underscored by a 174% year-on-year increase in newly granted invention patents as the company integrates artificial intelligence across its industrial chains.