Petrochina Company Limited’s Net Profit Rose 4% in First Half of 2023

Petrochina Company Limited (中国石油天然气股份有限公司) (601857.SH) reported a net profit of 94.6 billion yuan in the first half of 2023, up 4% year-on-year.

Meanwhile, the company posted 1.5 trillion yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 2.7 trillion yuan in total assets and 1.1 trillion yuan in total liabilities, with a liability-to-asset ratio of 41.6%.