PetroChina Achieves Record-High Revenue and Profit in First Half of 2026

PetroChina has reported its interim operating results for the first half of 2026, achieving new record highs in revenue and profit. The company's revenue reached RMB 1,527.49 billion, a year-on-year increase of 5.3%, while its profit attributable to owners of the company hit RMB 103.94 billion, exceeding RMB 100 billion for the first time in a half-year period and representing a year-on-year increase of 22.0%. The Company's basic earnings per share were RMB 0.57.

PetroChina attributed its strong performance to its proactive response to changes in the international situation and volatility in the oil and gas markets, as well as its efforts to strengthen the organization of production and operations, advance quality and efficiency improvement, and accelerate the green and low-carbon transition.

The Company's oil and gas supply capability was continuously strengthened, with new energy business accelerating development. PetroChina achieved 6 new discoveries and 19 new developments in conventional oil and gas exploration, as well as vigorous efforts to tackle unconventional resources. The Company cultivated and established two hundred-billion-cubic-meter-level large-scale reserve areas and one hundred-million-ton-level deep conventional oil reserve area.

The refining transformation advanced toward innovation and excellence, with the new materials business showing abundant highlights. PetroChina proactively responded to changes in market demand, flexibly adjusted refined products yield and unit operating loads, continuously optimized the product mix, and increased the production and sales of high-value-added refining and chemical products.