中國石油天然氣股份有限公司 (PetroChina Company Limited) announced its unaudited financial results for the nine months ended September 30, 2025. According to the statement, total revenue reached RMB2,169.256 billion, down 3.9% year on year. Profit attributable to owners of the Company came in at RMB126.294 billion, marking a 4.9% decrease compared with the same period last year. For the third quarter alone, profit attributable to owners of the Company was RMB42.287 billion, representing a 13.7% increase from the previous quarter.

During the reporting period, PetroChina’s total oil and gas equivalent output rose 2.6% year on year to 1,377.2 million barrels. Its domestic oil and gas equivalent output climbed 3.2%, while overseas output registered a slight decrease. The average realized crude oil price stood at US$65.55 per barrel, sliding 14.7% from the prior year’s level, and the average selling price of domestic natural gas edged down 1.0% year on year to US$8.81 per thousand cubic feet.

In the oil, gas, and new energy segment, the Company delivered revenue of RMB622.390 billion and a segment profit from operations of RMB125.103 billion. Unit lifting cost for oil and gas was US$10.79 per barrel, representing a 6.1% reduction from the same period last year. The refining, chemicals, and new materials segment recorded RMB826.056 billion in revenue and RMB16.240 billion in segment profit from operations. PetroChina processed 1,040.6 million barrels of crude oil and increased output of certain chemical products, including new materials, which posted a high growth rate of 59.4%.

The marketing business generated RMB1,773.944 billion in revenue, while the natural gas sales segment reported RMB447.338 billion, up 5.3% year on year. PetroChina sold a total of 218.541 billion cubic meters of natural gas during the nine months, increasing 4.2% from the previous year. The Company’s cash flow from operating activities rose to RMB343.100 billion, indicating a solid financial position through the third quarter of 2025.