Corrected: PetroChina's Q3 net profit up 21.6% on year

China Petroleum and Chemical

28/10/2026 12:18

Corrects Q3 2025 net income in first bullet to a retrospective company-adjusted 42.65 billion yuan, not 42.29 billion yuan reported a year earlier
Oct 28 (Reuters) - Asia's largest oil and gas producer, PetroChina 0857.HK 601857.SS, reported  a 21.6% year-on-year increase third-quarter net profit, driven by higher oil and gas prices, according to a stock filing on Wednesday.
Net income for the July-September period totalled 51.84 billion yuan ($7.78 billion), compared with a retrospectively adjusted 42.65 billion yuan in the same period last year.
Net profit for the first three quarters was up 21.9% year-on-year at 155.78 billion yuan. Revenue grew 7% to 2.32 trillion yuan.
In the first nine months, PetroChina produced 698.6 million barrels of crude oil (2.56 million barrels per day), down 2.2% year-on-year, including 590.4 million barrels produced domestically.
Refinery throughput during the 9-month period fell 3.7% on year at 1,002.2 million barrels, or 3.67 million bpd.
Ethylene output grew 26.4% during the 9-month period at 8.46 million tons.
Marketable natural gas output rose 2.3% to 4,069.4 billion cubic feet during the period, including 3,947.2 billion cubic feet produced in China.
Domestic natural gas sales rose 1% at 178.7 billion cubic meters
Sales of gasoline, diesel and jet fuel combined were down 5.1% on the year at 114.66 million tons. These included 84.52 million tons sold domestically, which was down 5.7%.
Domestic diesel sales fell 8.2% and gasoline down 4.3%. Aviation fuel edged up 1.1%.
Nine-month capital expenditure totalled 159.4 billion yuan, compared with 177.5 billion yuan a year earlier.
($1 = 6.6666 Chinese yuan renminbi)

 (Reporting by Sam Li and Chen Aizhu
Editing by Keith Weir)
 ((Sam.Li@thomsonreuters.com;))