PetroChina achieves operating revenue of 1.6 trillion yuan in the first half of 2022

On August 25, CNPC announced in Beijing that in the first half of 2022, the company achieved operating revenue of 1.6 trillion yuan and net profit attributable to shareholders of the parent company of 82.39 billion yuan. The company's financial position is healthy; free cash flow increased by RMB 89.21 billion year-on-year and achieved basic earnings per share of RMB 0.45.

In the first half of 2022, the exploration and production business made 14 important discoveries and 30 significant advances, achieving domestic oil and gas equivalent production of 103.32 million tons, up 3.9% year-on-year; domestic crude oil production of 52.668 million tons, up 3.4% year-on-year; and domestic marketable natural gas production of 63.82 billion cubic meters, up 4.4% year-on-year, further optimizing the oil and gas production structure.

In the first half of 2022, PetroChina processed 80.863 million tons of crude oil and produced 51.51 million tons of refined oil products; produced 3.763 million tons of ethylene, up 23.7% year-on-year; and commercialized 15.945 million tons of chemical products, up 8.3% year-on-year.

In the first half of 2022, PetroChina developed 73 new gas stations and put 120 new gas stations into operation, operating a total of 22,619 gas stations, 185 charging and switching stations and 152 photovoltaic stations; the non-oil business achieved faster growth in operating efficiency. The company sold 50,344,000 tons of domestic refined oil products.

The natural gas sales business was effective in increasing sales and stabilizing efficiency. In the first half of 2022, the Company sold 103.72 billion cubic meters of natural gas domestically, an increase of 7.8% year-on-year.