USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / Business

    PetroChina slides after profit alert

    By Bloomberg | China Daily | Updated: 2016-02-02 08:16

    PetroChina Co, the country's biggest oil and gas producer, fell in Hong Kong after saying 2015 profit may have fallen 60 percent to 70 percent from a year earlier because of the slump in energy prices.

    The stock closed down 3 percent at HK$4.61 in Hong Kong, after earlier falling as much as 4.2 percent. The city's benchmark Hang Seng Index lost 0.45 percent.

    PetroChina cited crude's fall and lower domestic natural gas prices for the estimated drop in full-year earnings, estimates for which were compiled according to Chinese accounting standards, it said on Friday in a statement to the Hong Kong Stock Exchange.

    The company sees the oil market continuing to be weak this year and is seeking to cut costs. It reported net income of 107.2 billion yuan ($16.3 billion) for 2014. Profit is seen dropping by 59 percent, according to the median of 22 forecasts compiled by Bloomberg, based on international accounting standards.

    "What likely matters for the bulk of PetroChina's share price movement over the next few months is oil prices, any news on gas pipeline subsidiary sale and, to a lesser extent, any announcement of further capex cuts," James Hubbard, a Hong Kong-based analyst at Macquarie Capital Securities Ltd, said in an research note after PetroChina issued its statement.

    "PetroChina is a geared play on oil prices that is 'safe' from the perspective that it has access to low cost State funding if it ever needs it."

    Brent crude, the benchmark for more than half the world's oil, plunged 35 percent last year, punishing producers and forcing drillers from the United States to Asia to slash spending and cut staff.

    PetroChina's State-owned parent China National Petroleum Corp plans to keep oil production steady and boost gas output with only "limited amount" of money to invest this year, Deputy General Manager Wang Dongjin said last month.

    Fellow State-run energy company China Petroleum & Chemical Corp said on Wednesday that oil and gas output in 2015 fell for the first time in 16 years as a slump in domestic crude production outweighed record volumes of natural gas.

    Editor's picks
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    亚洲日韩精品无码专区网址| 精品欧洲av无码一区二区| 无码av免费一区二区三区| 亚洲成a人片在线观看中文动漫| 国产无遮挡无码视频免费软件| 制服在线无码专区| 亚洲AV中文无码乱人伦下载| 国产做无码视频在线观看浪潮| 毛片免费全部播放无码| 熟妇人妻不卡中文字幕| 日韩专区无码人妻| 无码国产精品一区二区免费3p | 无码无遮挡又大又爽又黄的视频| 中文字幕欧美在线| 中文字幕在线无码一区| 18禁网站免费无遮挡无码中文| 亚洲AV综合色区无码另类小说| 在线中文字幕精品第5页| 亚洲精品无码午夜福利中文字幕| 九九久久精品无码专区| 国产精品免费无遮挡无码永久视频| 亚洲日韩精品无码一区二区三区| 无码夫の前で人妻を侵犯 | 亚洲一区二区三区无码中文字幕| 99热门精品一区二区三区无码| 无码人妻少妇色欲AV一区二区| 精品久久久无码21p发布| 天堂在线观看中文字幕| 色综合久久无码中文字幕| 中文字幕AV中文字无码亚| 久久受www免费人成_看片中文| 无码专区6080yy国产电影| 无码激情做a爰片毛片AV片| 无码国内精品久久人妻麻豆按摩| 五月天无码在线观看| 最新中文字幕AV无码不卡| 无码日韩人妻AV一区二区三区| 狠狠精品干练久久久无码中文字幕| 久久久久久人妻无码| 成年免费a级毛片免费看无码| 国产在线精品无码二区|