The performance decline is hard to change the oil interim net profit has shrunk more than 90% Sohu s 97179

16 Nov

The performance decline is hard to change the oil interim net profit has shrunk more than 90% Sohu securities panorama news network August 25th since the first quarter of this year, a loss of 13 billion 785 million, the highest since after the listing of the most dismal start, China Petroleum (601857) interim results barely profitable, but still hard to change the tide of landslide. Yesterday evening, the semi annual report of the disclosure of oil, the first half of 2016, the company achieved operating income of 739 billion 67 million yuan, representing a decrease of 15.8% over the same period last year, net profit of $531 million, up sharply down by 97.9%. As China’s largest oil and gas producer, crude oil prices fell significantly affect the sales performance of petrochina. PetroChina said that the first half of this year is the most difficult period since the company listed on the production and operation. During the period the Group recorded a decline in turnover, mainly due to crude oil, natural gas, refined oil and other major product prices, as well as crude oil, natural gas and other products to increase the overall impact of sales. The results of the landslide is still decline mainly reflected in the upstream exploration sector. In the first half, the group achieved an average price of $33.09 barrels of crude oil, compared with the first half of 2015, the $52.10 barrel fell by 36.5%. During the period of exploration and production sector operating loss of 2 billion 419 million yuan, compared with the first half of 2015 operating profit decreased by $35 billion 336 million. However, with the decline in net profit in stark contrast, the group of refining and chemical business successfully realized losses. Report shows that in the first half of 2016, the company refining and chemical sector profit growth, operating profit of 27 billion 474 million yuan, an increase of more than $4 billion 657 million in the first half of 2015, $22 billion 817 million. The face of the overall decline in performance, the oil that the second half of the domestic and international oil and gas market supply and demand pattern is difficult to have a significant change, but after the initiative to deal with the first half of the year, the company to improve efficiency, efficiency, good situation of steady development is forming and expanding. Low oil prices brought about by the environment is still a greater performance pressure. The company said, will further strengthen judged the situation, seize the national supply side structural reform and "The Belt and Road" and other major strategic opportunity, based on the main business of oil and gas, emphasis on quality and efficiency, promote reform and innovation, the full business chain integration advantages, and strive to achieve the annual target task. Source panorama time:相关的主题文章: