PetroChina Company Limited

Delray Beach, Fla. – September 21, 2026 -- The global rubber process oil (RPO) market is set to expand from $3.30 billion in 2026 to $3.94 billion by 2031, growing at a compound annual growth rate of 3.6%, according to a new report from MarketsandMarkets.

Tire manufacturing drives largest share of oil demand

The tires application segment is projected to register the highest growth at 4.7% CAGR and remains the largest consumer of RPO by value. Manufacturers rely on process oils to balance flexibility, durability, and processing efficiency across passenger, commercial, and specialty tire production. Rising replacement-tire demand and evolving fuel-efficiency standards are reinforcing this consumption base.

Hong Kong – September 03, 2026 -- PetroChina Company Limited reported profit attributable to owners of RMB 103.94 billion for the first half of 2026, up 22.0% year-on-year and marking the first time the company's half-year net profit has exceeded RMB 100 billion. Revenue reached RMB 1,527.49 billion, a 5.3% increase, while basic earnings per share stood at RMB 0.57.

Hong Kong – September 03, 2026 -- PetroChina Company Limited reported first-half 2026 revenue of RMB 1,527.49 billion, up 5.3% year-on-year, with profit attributable to owners reaching RMB 103.94 billion, a 22.0% increase that marks the first time the company has exceeded RMB 100 billion in profit within a half-year period. Basic earnings per share stood at RMB 0.57.