PDF《中国石油天然气股份有限公司》

PetroChina's Net Profit Increases by 130.

7% in

2018 Adhering to Principle of Steady Development Achieving Good Result of High-quality Development (21 March 2019, Beijing) C PetroChina Company Limited ("the Company", HKSE: 0857;

NYSE: PTR;

SSE: 601857) today announced that the Company's high-quality development is starting to achieve good results, with net profit increasing substantially by 130.7% year-on-year in 2018. The Company firmly focused on its goal of building itself into a top class international energy company, proactively coped with the complex changes in the external circumstances, adhered to its new development concept and the principle of steady development to achieve stable progress with timely adjustments. Annual Results Review Continuous improvement in operating results with significant net profit growth. In 2018, based on the International Financial Reporting Standards, the Company achieved a revenue of RMB2.35 trillion and a profit from operations of RMB120,997 million, representing an increase of 16.8% and 78.7% respectively year- on-year. Net profit attributable to owners of the Company was RMB52,591 million, representing a significant increase of 130.7% year-on-year. Basic earnings per share were RMB0.29, representing an increase of RMB0.17 year-on-year. The Exploration and Production segment achieved a profit from operations of RMB73,519 million, 新闻稿Press Release 中国石油天然气股份有限公司PetroChinaCompanyLimited中国北京东城区东直门北大街

9 号 邮编:100007

电话:86-10-59986266 传真:86-10-62099559

9 Dongzhimen North Street, Dongcheng District, Beijing,100007,P.R.China TEL:86-10-59986266 FAX:86-10-62099559 representing an increase of RMB58,044 million year-on-year. The Refining and Chemicals segment achieved a profit from operations of RMB42,756 million, representing an increase of RMB2,795 million year-on-year. The Marketing segment recorded a loss from operations of RMB6,450 million, representing a decrease in profit of RMB14,729 million year-on-year. The Natural Gas and Pipeline segment achieved a profit from operations of RMB25,515 million, up RMB9,827 million year-on-year. In 2018, the ROACE demonstrated an obvious improvement. Debt-to-asset ratio and debt-to-capital ratio were controlled at a reasonable level, decreasing by 0.6 and 2.8 percentage points, respectively. Cash flow was in sound condition. Vigorously promoted quality and efficiency of its core business, production indicators of all business segments rose steadily. Domestic exploration and production focused on economically recoverable reserves and profitable output. Risk exploration achieved a series of important breakthroughs. Output of crude oil remained stable and natural gas output reached a record high. The Company's overseas oil and gas business capitalized on the Belt and Road initiative and other opportunities to actively promote oil and gas cooperation, accelerated the development of high-efficiency projects, and maintained a smooth oil and gas production. Output of crude oil reached

890 million barrels, up 0.4% year-on-year. Marketable natural gas output was 3.6 trillion cubic feet, up 5.4% year-on-year. The oil and gas equivalent output increased by 2.3% year-on-year to 1,490 million barrels, including

200 million barrels from overseas operations, representing an increase of 7.8% year-on-year, which accounted for 13.7% of the Company's total oil and gas equivalent output. Oil and gas lifting cost was USD12.31 per barrel, representing an increase of 6.8% year-on-year, and an increase of 4.6% excluding the foreign exchange impact. The transformation and upgrade of the Refining and Chemicals segment were accelerated and key projects progressed smoothly. The quality upgrade of the National VI oil products was accomplished, and the output of high- margin products such as aviation kerosene increased substantially. The Company processed 1,120 million barrels of crude oil, up 10.4% year-on-year. It produced