PetroChina Co Ltd Class H

00857: XHKG (HKG)
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PetroChina Earnings: Resilient Performance Despite Weaker Oil Prices

PetroChina’s nine-month net profit declined by just 5% year on year, despite a 15% drop in the average realized oil price. Downstream earnings, including refining, chemicals, and marketing, proved resilient, falling only 1%.

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