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.
Oil and gas equivalent output hits record 921 million barrels
The dual-listed company (HKSE: 00857; SSE: 601857) posted domestic crude oil output of 393 million barrels and marketable natural gas output of 2.66 trillion cubic feet, both the best levels for the same period in company history. Exploration teams made 6 new discoveries and 19 new field developments, including reserve areas in the Cambrian system of the northwestern Sichuan Basin, the Cretaceous system in the southern Junggar Basin, and deep conventional oil at Tarim Fuman. The upstream oil, gas and new energy segment generated operating profit of RMB 100.45 billion.
New energy generation jumps 37.3% as carbon capture expands
Wind and solar power generation totaled 5.07 billion kWh, up 37.3% year-on-year, while new geothermal heating contracts covered more than 60 million square meters. The company injected 1.37 million tons of CO2 through carbon capture and storage operations, a 14.2% increase, and began construction of zero-carbon demonstration plants.
New materials output surges 61.4% on refining upgrade projects
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 rose 6.7% to 21.32 million tons, with ethylene and paraxylene output reaching record highs. New materials output climbed 61.4% to 2.69 million tons, extending roughly 50% annual growth for five consecutive years. The Tarim 1.2 million ton-per-year phase II ethylene project and its green demonstration unit at Dushanzi Petrochemical came online, becoming China's first whole-chain green ethylene project. The refining, chemicals and new materials segment posted operating profit of RMB 14.53 billion.
Natural gas sales rise 3.9% to 161.22 billion cubic meters
Total natural gas sales, including LNG, reached 161.22 billion cubic meters, up 3.9%, with domestic sales of 124.89 billion cubic meters rising 1.1%. Domestic market share for natural gas increased by 1 percentage point, with incremental sales in high-end markets accounting for over 50% of the total. The natural gas marketing business delivered operating profit of RMB 24.09 billion.
Marketing network expansion drives EV charging volume up 150%
The company added 592 integrated energy stations, 208 LNG refueling stations and 18,500 charging guns during the half. Vehicle LNG retail volume increased 78.7% year-on-year and charging volume rose 150%, while the domestic refined products market share gained 0.2 percentage points. The marketing segment posted operating profit of RMB 11.36 billion.
Newly granted invention patents rose 174% year-on-year, and PetroChina led development of 4 international standards and 7 national standards during the period, alongside the establishment of the CNPC Basic Research Institute.