摘要
Based on the statement released in late-April, the Beijing-headquartered PetroChina, the nation’s
Based on the statement released in late-April, the Beijing-headquartered PetroChina, the nation＇s largest oil producer, said its first-quarter profit fell 31.5 percent as refining losses and windfall taxes cut its earnings from record crude prices. The net income dropped to 28.9 billion yuan （$4.12 billion） from 42.1 billion yuan a year earlier. The company＇s revenue for the first quarter was 259 billion yuan, an increase of 41.9 percent. Because of the gap between high crude prices abroad and government-controlled low refined oil prices at home, PetroChina＇s refining business saw big losses in the first quarter. In the first quarter, PetroChina processed 217 million barrels of crude oil, an increase of 7.4 percent from a year earlier. The company produced 216 million barrels of crude oil in the period, up 3.3 percent a year earlier. Its natural gas output was 484.7 billion cubic feet, an increase of 18 percent.
