What was PetroChina's first-half net income in 2024, and how does it compare to the same period last year?

PetroChina's net income for the first half of 2024 rose 22% to 103.9 billion yuan ($15.4 billion), up from 85.2 billion yuan in the first half of 2023.

How did global oil price movements—particularly Brent crude—impact PetroChina's upstream revenue in the first half of 2024?

Brent crude averaged about $87 a barrel from January through June 2024, compared with around $71 in the same period in 2023, and surged to a four-year high above $126 a barrel in late April; this surge in global energy prices boosted PetroChina's upstream revenue.

PetroChina First-Half Profit Rises 22% on Higher Oil Prices

Aug 30, 2026

PetroChina posted a 22% rise in first-half profit to 103.9 billion yuan amid soaring oil prices averaging $87 per barrel. While upstream revenue surged, refining margins were constrained by government fuel price caps.

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PetroChina First-Half Profit Rises 22% on Higher Oil Prices

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