China National Petroleum Corporation reports record-high profits for the first half of 2024, driven by increased oil and gas production and rising prices.
China ’s state-held oil and gas giant
which specializes in offshore oil and gas developments in China and internationally, booked a net profit of $11.18 billion 79.7 billion Chinese yuan from January to June. This represented a 25% jump compared to the same period of 2023 and “the best level of the same period in history,” the company said.
’s record-high profit for the first half of the year. Net production rose by 9.3% year-over-year to 362.6 million barrels of oil equivalent BOE—“hitting a historic high,”
China Oil And Gas Profit Production Record-High Offshore Energy Security South China Sea Petrochina
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