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PetroChina Drives High Quality Development through Innovation, Maintaining High Operating Results in H1 2025

HONG KONG, Aug. 26, 2025 /PRNewswire/ -- PetroChina Company Limited ["PetroChina" or the "Company", (HKSE: 00857; SSE: 601857)] announced that in the first half of the year, the Company proactively responded to changes in macroscopic environment, coordinated efforts to advance production and operations, technological innovation, marketing, and quality and efficiency improvement. Its oil and gas output maintained steady growth, transformation and upgrading of refining and chemical operations was further propelled, domestic sales of refined products, natural gas, and chemical products maintained growth, new energy, new materials and new businesses developed rapidly, and operating results exceeded expectation. In accordance with IFRS, the Company recorded revenue of RMB 1.5 trillion in the first half of the year. Net profit attributable to owners of the Company reached RMB 84.01 billion. In return for the shareholders, the Board of Directors decided to distribute an interim dividend of RMB 0.22 per share for the first half of 2025, with total dividend payout reaching RMB 40.26 billion, continuing to maintain high in the same period in history.

Results Review

Sustained growth in oil and gas output with accelerated momentum in new energies. The Company vigorously advanced effective exploration, focused on key basins and zones, achieved multiple major breakthroughs and significant discoveries. By adhering to cost-effective development, it optimized capacity‑building deployment, implemented multiple measures to enhance recovery rates, and accelerated construction of the shale oil demonstration zones in Jimsar and Gulong, as well as the E'dong Daning–Jixian coalbed methane demonstration project. The Company actively expanded its overseas oil and gas business, optimized the asset portfolio, strengthened project operation management, and continuously improved investment returns. In the first half of the year, the Company's oil and gas output grew by 2.0% year-on-year to 924 million BOE, of which the crude oil output edged up 0.3% year-on-year to 476 million barrels, and marketable natural gas output grew by 3.8% year-on-year to 2.68 trillion cubic feet. Oil and gas output reached new record highs for the same period in history. The Company continued to refine the layout of its new energy business, accelerated the construction of key projects including the Tarim Shangku photovoltaic project, Qinghai Golmud wind power and Jilin Ang'ge wind power. Wind and solar power ...