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CNPC Netted 100 Billion In The First Three Quarters

2010/10/28 9:34:00 52

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Petrochina'S Net Profit Growth Performance In The First Three Quarters

PetroChina

Last night, the three quarterly bulletin was published according to international accounting standards.

First three quarters

Attributable to shareholders of the company.

Net profit

It was 100 billion 30 million yuan, and the basic earnings per share were 0.55 yuan, up from the same period last year.

increase

23%.

In addition, net profit in the third quarter reached 34 billion 700 million yuan, an increase of 12.5% over the same period last year.

achievement

The best value.

Close to 2009 full year profit

This is also the first time that PetroChina's net profit has exceeded 100 billion yuan this year, which is close to its net profit of 103 billion 100 million yuan in 2009.

In the first half of this year, PetroChina achieved a net profit of 65 billion 211 million yuan, an increase of 29.6% over the first half of the year, calculated by an average of 30 days per month. In the first 9 months, oil hit a net profit of 100 billion yuan, or equivalent to a daily net profit of 370 million yuan.

As a relatively large upstream oil company, crude oil price and output have the greatest impact on the company's performance.

In the first three quarters, the company produced 640 million barrels of crude oil, an increase of 1.3% over the same period last year, producing 16845 billion cubic feet of marketable natural gas, an increase of 10.5% over the same period last year.

In the first three quarters, a total of 657 million barrels of crude oil were processed, up 8.3% from the same period last year.

Since June, oil prices in the international market have fluctuated at a high level of 70 US dollars -80 US dollars per barrel.

The rise in international oil prices

For the above performance, PetroChina said its overall performance was better than expected.

China Petroleum Limited by Share Ltd told reporters that the above achievements were indeed affected by the rise in international oil prices.

On the 26 day, domestic refined oil prices rose again. CITIC Securities analysts said that the increase in oil prices would help to improve the refining cost of PetroChina.

In addition, it is believed that the US dollar and the abundant liquidity and the US Department of energy and OPEC and other authoritative institutions have increased the demand for crude oil and their basic support. The oil price is expected to rise and may reach the annual high point of 90 US dollars or 100 US dollars per barrel in the fourth quarter.

PetroChina expects annual EPS (EPS) up to 0.91 yuan.