PetroChina’s first half net profit fell by more than 90% or because of international oil prices fell reshacker

PetroChina in the first half net profit fell by more than 90% or because of international oil prices – Sohu finance JINGWAH times (reporter Shi Zhijun) last night, PetroChina released interim results report. According to the international financial reporting standards, the first half of 2016, the group achieved a turnover of 739 billion 67 million yuan, lower than the same period last year 15.8%; net profit attributable to shareholders of the parent company 531 million yuan, compared to the same period last year reduced 97.9%; basic earnings per share 0.003 yuan, 0.136 yuan less than the same period last year. During the reporting period, the international oil market fundamentals of supply and demand easing, affected by the slow recovery of the global economy, geopolitical and other factors, the international crude oil prices dip after the shock rebound, WTI crude oil and other benchmark oil price difference narrowed further. Beihai Brent crude oil and WTI crude oil spot average price of $39.81 barrel and $39.64 barrel, compared with the same period last year fell by 31.2% and 25.6%. The sharp drop in performance, Chinese oil (7.430, 0.01, 0.13%) said that the main is to increase sales by crude oil, natural gas, refined oil price decline, the main products of crude oil and natural gas products such as comprehensive effect. The drop in oil prices led to proved developed reserves decline, the depletion rate rise, depletion of oil and gas assets increase. Industry experts believe that this is still associated with the continued decline in international oil prices. Www oil analyst Qin Wenping said that due to the exploration and production of crude oil accounted for more than 78% of revenue, so the impact of international oil prices low is more obvious. Domestic oil production costs in the 45-53 U.S. dollars, far higher than the current international oil prices. In addition, the report also released a personnel the latest developments, the board of directors of CNPC agreed to elect Zhang Jianhua as a candidate for the board of directors of the company, and agreed to the bill submitted by the company in 2016 the provisional shareholders’ meeting for approval. July 12th, PetroChina announced through the official website, Zhang Jianhua served as general manager of petrochina. 51 year old Zhang Jianhua had long worked in sinopec.相关的主题文章: