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.
Oil and gas output hits record highs as new energy output surges 37.3%
The company recorded oil and gas equivalent output of 921 million barrels, domestic crude oil output of 393 million barrels, and marketable natural gas output of 2.66 trillion cubic feet, both domestic gas and total oil-and-gas equivalent output reaching best-ever half-year levels. Six new discoveries and 19 new developments were made, including two hundred-billion-cubic-meter-level reserve areas in the Sichuan and Junggar basins. Wind and solar generation reached 5.07 billion kWh, up 37.3% year-on-year, while new geothermal heating contracts covered more than 60 million square meters. CO2 injection for carbon capture and storage rose 14.2% to 1.37 million tons. The oil, gas and new energies segment posted operating profit of RMB 100.45 billion.
New materials output jumps 61.4% as refining segment shifts toward high-value products
PetroChina processed 655.0 million barrels of crude oil and produced 54.35 million tons of refined products in the first half. Chemical commodity output reached 21.32 million tons, up 6.7%, with ethylene and paraxylene output at record highs. New materials output rose 61.4% to 2.69 million tons, extending roughly 50% annual growth for a fifth consecutive year. The Tarim phase II ethylene project and its green demonstration unit at Dushanzi Petrochemical came online as China's first whole-chain green low-carbon ethylene facility. The refining, chemicals and new materials segment generated operating profit of RMB 14.53 billion.
Marketing network expansion drives 150% growth in charging volume
The company added 592 integrated energy stations, 208 LNG refueling stations and 18,500 charging guns in the first half. Vehicle LNG retail volume rose 78.7% year-on-year and charging volume grew 150%, lifting domestic refined-product market share by 0.2 percentage points. The marketing segment posted operating profit of RMB 11.36 billion.
Natural gas sales reach 161.22 billion cubic meters with domestic share up 1 percentage point
Total natural gas sales, including LNG, rose 3.9% to 161.22 billion cubic meters, with domestic natural gas sales up 1.1% to 124.89 billion cubic meters. Incremental sales in high-end markets accounted for more than 50% of the total, and domestic market share increased by 1 percentage point year-on-year. The natural gas marketing business achieved operating profit of RMB 24.09 billion.
Invention patents grow 174% as company leads new international standards
Newly granted invention patents increased 174% year-on-year, and PetroChina led development of four international standards and seven national standards. The company established the CNPC Basic Research Institute during the period and stated it will maintain a market-oriented, profitability-centered approach through the second half of 2026.