PetroChina announced a net profit attributable to its owners of 157.32bn yuan ($22.75bn) for 2025, reflecting a decrease of approximately 4.47% compared to 164.68bn yuan ($23.82bn) recorded in 2024.
The Chinese oil and gas company’s revenue for 2025 was 2,864.47bn yuan, marking a decline of about 2.5% from the previous year’s 2,937.9bn yuan.
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However, free cash flows increased significantly by 15.18%, reaching 120.19bn yuan in 2025, up from 104.35bn yuan in 2024.
PetroChina’s debt-to-asset ratio stood at 36.4%, while its debt-to-capital ratio was 11.2%.
The company’s oil and gas production reached 1,841.9 million barrels of oil equivalent in 2025, a 2.5% increase year-on-year.
The oil, gas and new energies business achieved an operating profit of 136.07bn yuan.
In the refining and chemicals sector, PetroChina processed 1.38 billion barrels of crude oil and produced 117 million tonnes of refined products.
The output of chemical commodity products increased by 2.7% to 40.03 million tonnes.
In marketing and sales, PetroChina achieved sales volumes of 160.81 million tonnes of gasoline, kerosene, and diesel, reflecting a 1.1% increase from the previous year.
Natural gas sales also rose by 7%, reaching 314.71 billion cubic meters.
Technological innovation remained a key focus for PetroChina, with an investment of 7.25bn yuan in research and development, representing 1% of its revenue.
In 2026, PetroChina will embark on the “15th Five-Year Plan”, focusing on becoming a leading integrated energy and chemical company.
The company aims to adapt to the global energy transition and market changes by implementing strategies in innovation, resources, market expansion, internationalisation, and green development.
It plans to enhance market analysis, optimise production, and improve cost management to boost the efficiency of its oil and gas operations.
By leveraging its strengths, PetroChina intends to develop new productive forces, accelerate growth in emerging sectors like new energies and materials, and improve its capacity for value creation and sustainable development.
