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PETROCHINA (00857.HK) 1H26 Net Profit Up 22% to RMB103.936B; Interim DPS RMB0.26
2026-08-30 18:57:54
PETROCHINA (00857.HK) announced its interim results for the six months ended June. Revenue rose 5.3% YoY to RMB1.53 trillion, mainly driven by higher prices of oil and gas products and chemical products, as well as changes in sales volume. Net profit amounted to RMB103.936 billion, up 22% YoY. EPS was RMB0.57. An interim dividend of RMB0.26 per share was declared, compared with RMB0.22 in the corresponding period last year.

During the period, operating expenses increased 4.2% to RMB1.39 trillion. Operating profit rose 17.6% YoY to RMB139.383 billion. Net foreign exchange gains were RMB694 million, compared with foreign exchange losses of RMB21 million in the corresponding period last year. Capital expenditure amounted to RMB75.015 billion. Full-year 2026 capital expenditure is expected to reach RMB279.4 billion.

In 1H26, the group's crude oil output fell 2.8% YoY to 463 million barrels. Marketable natural gas output increased 2.3% YoY to 2,746.1 billion cubic feet. Oil and gas equivalent output edged down 0.3% YoY to 921 million barrels.(de/d)~

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