Petrochina Co., Ltd. Class A · SSE:601857
Petrochina Co., Ltd. Class A — Q1 2021 Earnings Presentation
11 slides from Petrochina Co., Ltd. Class A's earnings presentation, April 2021
Slide 1: 2021 First Quarter Results Presentation
2021 First Quarter Results Presentation April 2021
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: 2021 Q1 Market Situation
2021 Q1 Market Situation Brent Crude Oil Spot Price Average Realized Crude Oil Price Average: 72.36 Average: 71.07 USD/bbl 104.2 100.4 USD/bbl Average: 66.09 94.8 103.7 Average: 61.12 87.6 68.3 65.3 Average: 62.23 72.9 61.0 Average: 43.70 55.7 50.6 Average: 42.20 53.9 48.4 38.0 40.3 Source: Bloomber
Slide 4: Financial Highlights
Financial Highlights Financial highlights for the first three months ended March 31 RMB Million Q1 2021 Q1 2020 Change Revenue 551,923 509,098 +8.4% Profit/(loss) from operations 44,780 (3,379) +48,159 Net profit/(loss) attributable to 27,721 (16,230) +43,951 owners of the Company Basic EPS/(loss)*
Slide 5: Exploration & Production
Exploration & Production Oil & Gas Equivalent Output Domestic Natural Gas Output MM boe bcf 417.1 413.9 357.6 372.9 1,122.3 1,023.8 56.3 44.1 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Domestic Overseas Lifting Cost Operating Profit USD/bbl RMB Million 14,883 12,882 10.08 9.98 Q1 2020 Q1 2021 Q1 2020 Q1 2021 5
Slide 6: Refining & Chemicals
Refining & Chemicals Crude Processing Volume Production of Major Oil Products ‘000 tons MM bbl Q1 2021 Q1 2020 Change Total 26,946 25,208 6.9% 298.0 Gasoline 12,395 10,967 13.0% 276.5 Kerosene 2,842 2,394 18.7% Diesel 11,709 11,847 -1.2% Q1 2020 Q1 2021 Operating Profit Production of Major Chemical
Slide 7: Marketing
Marketing Sales Volume of Major Oil Products ‘000 tons Q1 2021 Q1 2020 Change Operating Profit Total 36,248 35,478 +2.2% RMB Million Gasoline 16,419 14,799 +10.9% Kerosene 3,318 3,694 -10.2% 3,315 Diesel 16,511 16,985 -2.8% -16,593 Domestic Sales Volume of Major Oil Products ‘000 tons Q1 2021 Q1 202
Slide 8: Natural Gas and Pipelines
Natural Gas and Pipelines Operating Profit Domestic Sales Volume of Natural Gas RMB Million ’00 mcm 18,519 546.6 477.1 11,359 Q1 2020 Q1 2021 Q1 2020 Q1 2021 8
Slide 9: Outlook
Outlook Emphasize on accelerating the Emphasize on high-efficiency exploration development of new energy, and and profitable development, stabilize oil strive to promote ESG production, speed up gas production and improve the overall efficiency of domestic upstream business Emphasize on the innovati
Slide 10: 2021 Operation Targets and Completion Status
2021 Operation Targets and Completion Status 2021 2020 Change Q1 2021 Completion Target Achievement (%) Output of crude oil 923.5 921.8 +0.20% 221.4 24.0% (MM bbl) Output of natural gas 4,354.0 4,221.0 +3.20% 1,173.9 27.0% (bcf) Oil & gas equivalent 1,649.4 1,625.5 +1.50% 417.1 25.3% output (MM boe)
Slide 11: Investor Relations
Investor Relations Media Relations Tel: (852)2899-2010 Tel: (852)2894-6231 Fax: (852)2899-2390 Fax: (852)2576-1990 Email: hko@petrochina.com.hk Email: petrochina@hkstrategies.com