PetroChina’s oil and gas business maintains positive growth momentum in 2019

On 26 March, PetroChina Company Limited announced that in 2019 the Company’s major production indicators recorded stable growth and the operating results were in line with expectations, with efforts of growing upstream reserve and production especially effective. PetroChina Company Limited was established as a joint stock company with limited liability under the Company Law of the People’s Republic of China (the “PRC” or “China”) (the “Company Law”) on November 5, 1999 as part of the restructuring of China National Petroleum Corporation (“CNPC”).

Under the International Financial Reporting Standards (IFRS), PetroChina recorded a revenue of RMB 2,520 billion in 2019, representing an increase of 6.0% compared with the same period last year. Operating profit was RMB 121.762 billion. Net Profit Attributable to Shareholders of the Company was RMB 45.682 billion, and basic earnings per share was RMB 0.25. To deliver better returns for shareholders, the Company recommended a final dividend of RMB 0.06601, representing a 70.0% dividend ratio.