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PetroChina’s Revenue and Profit Took a Hit From Dangerous Oil Prices

May 01, 2016 10:42 PM EDT

PetroChina, a state-owned oil company and the country's largest oil producer, saw a decline in its profits during the first quarter of the year.

China's PetroChina Co. posted the highest liability among non-financial A-share companies with more than $1.05 trillion yuan ($162.8 billion).

PetroChina's Liabilities Amount to 1 Trillion Yuan

Charissa Echavez |

Apr 11, 2016 04:05 PM EDT

PetroChina, the country's biggest oil producer, posted the highest amount of liabilities among all non-financial A-share firms with 1.05 trillion yuan ($162.8 billion), the worst in nearly two decades.

China National Offshore Oil Corporation's (CNOOC) oil rig is seen in China's Bohai Sea.

China Becomes World's Second Largest Oil Refining Country

Iesha javed |

Mar 22, 2016 09:15 AM EDT

According to the 2016 China Oil and Gas Industry Development Analysis and Development Report, issued by the China Petroleum Enterprise Association and China Oil and Gas Industry Development Research Center on March 21, China is the world's second largest oil refining country after the United States.

Su Shulin: Former Head of Sinopec and Governor of Fujian Under Investigation for Corruption

Kwao Peppeh |

Oct 08, 2015 06:51 AM EDT

The former general manager of Sinopec and governor of Fujian province, Su Shulin, is under investigation for corruption, the Central Commission for Discipline Inspection (CCDI) announced on Wednesday.

Petrochina discovers 100 million tonnes of shale

PetroChina Makes China's Biggest Shale Deposit Discovery

Camille Harthy |

May 28, 2015 01:28 PM EDT

A unit of state-owned China National Petroleum Corp. has discovered over 100 million tonnes of oil in north-west China, the biggest shale discovery in the nation to date.

PetroChina Gets 17% Share Price; Will They Give In to Merger With Sinopec?

Staff Reporter |

May 15, 2015 06:28 AM EDT

PetroChina is now trading with big valuations after getting a 17% increase in their share price, thus becoming at par with the competition.

PetroChina Plans Local Tieups In Restive Xianjiang

Mia Lindog |

Aug 19, 2014 03:47 AM EDT

State-owned parent China National Petroleum Corp., the nation's biggest oil and gas producer, plans to invest in exploration and production in the restive northwest province of Xinjiang to hasten its development, Bloomberg reported.