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
    亚洲无码黄色网址| 久久午夜无码鲁丝片秋霞| 国产成人无码AⅤ片在线观看| 精品久久久无码中文字幕天天| 亚洲热妇无码AV在线播放| 最近中文字幕2019视频1| 无码日韩人妻AV一区免费l| 国产午夜无码视频在线观看| 丰满日韩放荡少妇无码视频| 精品999久久久久久中文字幕| 亚洲国产精品成人AV无码久久综合影院| 亚洲第一极品精品无码久久| 欧美一级一区二区中文字幕| 中文字幕无码无码专区| 无码精品人妻一区| 国产精品亚洲αv天堂无码| 日韩一区二区三区无码影院| 在人线AV无码免费高潮喷水| 中文字幕人妻在线视频不卡乱码| 日本中文字幕在线不卡高清| 无码AV中文一区二区三区| 一级毛片中出无码| 亚洲av无码不卡私人影院 | 亚洲国产a∨无码中文777| 亚洲AV无码国产精品色午友在线| 国产成年无码久久久免费| 一二三四在线播放免费观看中文版视频 | 在线看中文福利影院| 日韩精品无码免费视频| 日韩成人无码影院| 无码人妻少妇伦在线电影| 中文无码vs无码人妻| 日韩人妻无码中文字幕视频| 91在线中文字幕| 天堂中文8资源在线8| 熟妇人妻系列aⅴ无码专区友真希| 亚洲国产中文字幕在线观看 | 特级无码毛片免费视频尤物| 日韩国产精品无码一区二区三区 | AV无码免费永久在线观看| r级无码视频在线观看|