PetroChina reported H1 2026 revenue of RMB 1,527.49 billion, up 5.3 % year on year, with profit attributable to shareholders jumping 22.0 % to RMB 103.94 billion. Operating profit climbed 17.6 % to RMB 139.38 billion.

An interim cash dividend of RMB 0.26 per share—totalling RMB 47.59 billion—was approved, payable on 183.02 billion shares.

Segment highlights: • Oil, Gas & New Energy posted RMB 440.00 billion in external revenue and RMB 100.45 billion in operating profit. • Refining, Chemicals & New Materials generated RMB 572.24 billion revenue and RMB 14.53 billion operating profit. • Marketing delivered RMB 1,261.09 billion revenue with RMB 11.36 billion operating profit. • Natural Gas Sales earned RMB 319.49 billion revenue and RMB 24.09 billion operating profit.

Cash flow from operations rose 10.6 % to RMB 251.28 billion. Capital expenditure reached RMB 75.02 billion in H1, with full-year guidance maintained at RMB 279.40 billion.

Total assets stood at RMB 3,024.03 billion, while total equity attributable to shareholders increased to RMB 1,637.97 billion. Interest-bearing debt was RMB 233.38 billion, leaving the gearing ratio unchanged at 11.2 %.

Post-period, PetroChina agreed to invest RMB 4.21 billion in Kunlun Capital, lifting its stake to 32.16 %. CNPC will inject RMB 7.40 billion to retain majority control.

Basic and diluted earnings per share were RMB 0.57.

Management cited higher international oil prices, strengthened cost control and increased domestic gas output as core drivers of the enhanced results, while confirming no adjustments to the 2026 capital plan and maintaining a stable dividend policy.