PetroChina Books Record H1 Profit Amid Refining Recovery ...Middle East

Chinese oil and gas giant PetroChina reported on Wednesday a record-high profit for the first half of 2023, as its refining business recovered after the reopening and oil and gas production increased. Profit attributable to the shareholders of PetroChina rose by 4.5% year-over-year to $11.7 billion (85.27 billion Chinese yuan), the company said in a stock exchange filing. Total revenues fell by 8.3% in the first half of 2023 compared to the same period of 2022, primarily due to the decline in sales prices of oil and gas. PetroChina’s average…

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