PetroChina Company posts that it made CNY 36.02 billion net profits in the first quarter this year, down 8 percent year on year or up 27 percent quarter on quarter; it recorded CNY 0.2 earnings per share.

The company produced 231 million barrels of crude oil and 745.3 billion cubic feet of natural gas available for sale in the first quarter, up 1.8 percent and 4.8 percent year on year; oil and gas equivalent output was 355.3 million barrels, up 2.8 percent.

Refining and chemical business incurred CNY 4.74 billion operating losses, narrowing by CNY 6.07 billion year on year. Oil refining business incurred CNY 1.56 billion losses, CNY 8.84 billion less than losses last year; chemical business incurred CNY 3.18 billion losses, CNY 2.77 billion more than losses last year.

Sales of imported natural gas and LNG suffered CNY 14.45 billion losses.