Market Overview

PetroChina Q2 Profit Down 21%

Share:
Related PTR
Chinese Oil Demand Is 'Looking More Like A Vomiting Bear'
PetroChina Shares Indicated Higher Amid BofA's Upgrade To Buy
Big changes ahead for China's oil industry as production declines (Seeking Alpha)

PetroChina Company Limited (NYSE: PTR) posted a 21% drop in its second-quarter earnings.

PetroChina's quarterly net profit declined to 22.83 billion yuan ($3.59 billion), versus 29 billion yuan, in the year-ago period. However, analysts were expecting a net profit of 26.73 billion yuan.

PetroChina shares fell 1.24% to close at $124.28 yesterday.

Posted-In: profitEarnings News

 

Related Articles (PTR)

View Comments and Join the Discussion!