Petrochina Co., Ltd. Class A · SSE:601857
Petrochina Co., Ltd. Class A — Q3 2024 Earnings Presentation
13 slides from Petrochina Co., Ltd. Class A's earnings presentation, Oct 31, 2024
Slide 1: Third Quarter Results Presentation
THIRD QUARTER RESULTS PRESENTATION OCTOBER 31, 2024
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward-looking terminology such as “believe”, “expect”, “anticipate”, “estimate”, “plan”, “project”, “target”, “may”, “will” or other similar
Slide 3: Financial Highlights — First Three Quarters
Financial Highlights — First Three Quarters RMB Million Q1-Q3 2023 Q1-Q3 2024 YoY Change Revenue 2,282,135 2,256,279 -1.1% Profit from Operations 186,236 187,879 +0.9% Net Profit Attributable to Owners 131,651 132,522 +0.7% of the Company Basic EPS (RMB Yuan) 0.719 0.724 +0.7% 3
Slide 4: Financial Highlights — Third Quarter
Financial Highlights — Third Quarter RMB Million Q2 2024 Q3 2024 QoQ Change Revenue 741,685 702,410 -5.3% Profit from Operations 60,388 62,950 +4.2% Net Profit Attributable to Owners 42,928 43,911 +2.3% of the Company Basic EPS (RMB Yuan) 0.235 0.240 +2.3% 4
Slide 5: Sound Financial Position
Sound Financial Position Cash Flow Net Cash Flow from Operating Activities Free Cash Flow RMB 338.9 billion RMB 152.0 billion Total Assets Debt-to-Asset Ratio Debt-to-Capital Ratio RMB Million +0.9% -1.3 p.p -3.8 p.p 2,752,448 2,776,702 40.8% 39.5% 15.2% 11.4% As of 31 Dec 2023 As of 30 Sep 2024 As
Slide 6: Oil, Gas and New Energies
Oil, Gas and New Energies Oil & gas output reached 1,342.3 Mm boe Domestic oil and gas Domestic crude oil Up by Domestic marketable Up by Up by output was output was natural gas output was 1,196.5 Mm boe +2.3year-on-year % 585.4 Mm bbl +0.3 year-on-year % 3,666.9 bcf +4.4 year-on-year % Mm boe Mm bb
Slide 7: Oil, Gas and New Energies
Oil, Gas and New Energies Realized Crude Oil Price Operating Profit +8.7 +2.1 % % RMB Million +8.7% USD/bbl +2.1% 144,262 132,696 75.28 76.88 Q1-Q3 2023 Q1-Q3 2024 Q1-Q3 2023 Q1-Q3 2024 7
Slide 8: Refining, Chemicals & New Materials
Refining, Chemicals & New Materials Crude Processing Volume Operating Profit Mm bbl -0.7% RMB Million 1,043.6 1,036.2 -45.1% Q1-Q3 2023 Q1-Q3 2024 Refined Products 27,812 000 tons Q1-Q3 2023 Q1-Q3 2024 YoY Change Refined Products 92,451 89,909 -2.7% 15,280 Gasoline 37,749 36,439 -3.5% Kerosene 11,00
Slide 9: Refining, Chemicals & New Materials—Chemicals Business
Refining, Chemicals & New Materials—Chemicals Business Chemical Commodity Product Operating Profit 000 tons +9.7% 3,368 26,105 28,643 +9.7 % RMB Million Q1-Q3 2023 Q1-Q3 2024 Major Chemical Products 000 tons Q1-Q3 2023 Q1-Q3 2024 YoY Change 3,499 Ethylene 5,826 6,356 +9.1% Synthetic resin 9,158 9,85
Slide 10: Marketing
Marketing Sales Volume of Refined Products Operating Profit 000 tons Q1-Q3 2023 Q1-Q3 2024 YoY Change RMB Million Sales of Refined Products 125,624 119,886 -4.6% Gasoline 51,516 49,138 -4.6% Kerosene 14,295 16,099 +12.6% -25.3% Diesel 59,813 54,649 -8.6% Domestic Sales Volume of Refined Products 000
Slide 11: Natural Gas Sales
Natural Gas Sales Domestic Sales Volume of Natural Gas Operating Profit bcm RMB Million +29.7% +4.9% 155.36 162.96 +4.9 % 25,268 +29.7 % 19,476 Q1-Q3 2023 Q1-Q3 2024 Q1-Q3 2023 Q1-Q3 2024 11
Slide 12: 2024 Operating Targets and Progress in the First Three Quarters
2024 Operating Targets and Progress in the First Three Quarters Q1-Q3 2023 Q1-Q3 2024 YoY Change 2024 Target Oil & Gas Output 1,315.4 1,342.3 +2.0% 1,766.3 (MM boe) Domestic Oil & Gas Output 1,169.4 1,196.5 +2.3% 1,599.9 (MM boe） Domestic Crude Oil Output 583.8 585.4 +0.3% 774.6 (MM bbl) Domestic Ma
Slide 13: Investor Relations Media Relations
Investor Relations Tel: (8610)5998-2622; (852)2899-2010 Email : ir@petrochina.com.cn hko@petrochina.com.hk Media Relations Tel: (8610) 5166-3828; (852)2522-1838 Email : zhongshiyou.list@everbloom.com.cn petrochina@prchina.com.hk 13