Petrochina Co., Ltd. Class A · SSE:601857
Petrochina Co., Ltd. Class A — Q3 2022 Earnings Presentation
15 slides from Petrochina Co., Ltd. Class A's earnings presentation, October 2022
Slide 1: 2022 Third Quarter Results Presentation
2022 Third Quarter Results Presentation October 2022
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 words that expres
Slide 3: Market Environment
Market Environment • World economy continued to grow slowly; tight supply-demand balance of international crude oil market led to a spike in crude oil prices • China’s macro-economy gradually recovered • Domestic refined products demand declined due to sporadic epidemic outbreaks in some regions • T
Slide 4: Financial Highlights - First Three Quarters
Financial Highlights - First Three Quarters RMB Million Q1-Q3 2022 Q1-Q3 2021 Change Revenue 2,455,401 1,880,341 +30.6% Operating Profit 174,857 124,763 +40.2% Net Profit Attributable To 120,271 75,126 +60.1% Owners of the Company Basic EPS* 0.66 0.41 +60.1% * Basic EPS: RMB 4
Slide 5: Financial Highlights - Third Quarter
Financial Highlights - Third Quarter RMB Million Q3 2022 Q3 2021 Change Revenue 840,780 683,760 +23.0% Operating Profit 55,842 36,300 +53.8% Net Profit Attributable To 37,880 22,089 +71.5% Owners of the Company Basic EPS* 0.21 0.12 +71.5% * Basic EPS: RMB 5
Slide 6: Oil, Gas & New Energies - First Three Quarters
Oil, Gas & New Energies - First Three Quarters Crude Oil Output Marketable Natural Gas Output MM bbl 148.9 bcf 143.9 100.7 100.1 3,136.6 3,295.9 561.6 576.9 Q1-Q3 2021 Q1-Q3 2022 Q1-Q3 2021 Q1-Q3 2022 Domestic Overseas Domestic Overseas Oil Equivalent of Oil & Gas Output Operating Profit MM boe RMB
Slide 7: Oil, Gas & New Energies - Third Quarter
Oil, Gas & New Energies - Third Quarter Crude Oil Output Marketable Natural Gas Output MM bbl bcf 44.5 44.9 32.4 35.9 977.1 1,042.1 186.7 189.2 Q3 2021 Q3 2022 Q3 2021 Q3 2022 Domestic Overseas Domestic Overseas Oil Equivalent of Oil & Gas Output Operating Profit RMB million MM boe 39.9 43.4 56,478
Slide 8: Refining, Chemicals & New Materials - First Three Quarters
Refining, Chemicals & New Materials - First Three Quarters Crude Processing Volume Production of Major Refined Products MM bbl ‘000 tons Q1-Q3 2022 Q1-Q3 2021 Change Total 77,456 81,327 -4.8% Gasoline 32,768 37,400 -12.4% 911.9 895.7 Kerosene 6,173 9,200 -32.9% Diesel 38,515 34,727 +10.9% Q1-Q3 2021
Slide 9: Refining, Chemicals & New Materials – Third Quarter
Refining, Chemicals & New Materials – Third Quarter Crude Processing Volume Production of Major Refined Products MM bbl ‘000 tons Q3 2022 Q3 2021 Change Total 25,946 26,421 -1.8% Gasoline 10,756 12,157 -11.5% 305.8 298.2 Kerosene 2,409 2,844 -15.3% Q3 2021 Q3 2022 Diesel 12,781 11,420 +11.9% Operati
Slide 10: Marketing - First Three Quarters
Marketing - First Three Quarters Sales Volume of Major Refined Products ‘000 tons Q1-Q3 2022 Q1-Q32021 Change Total 110,751 123,694 -10.5% Operating Profit Gasoline 44,025 50,621 -13.0% RMB Million Kerosene 9,548 12,217 -21.8% Diesel 57,178 60,856 -6.0% 8,776 Domestic Sales Volume of Refined Product
Slide 11: Marketing - Third Quarter
Marketing - Third Quarter Sales Volume of Major Refined Products ‘000 tons Q3 2022 Q3 2021 Change Total 39,318 43,355 -9.3% Operating Profit Gasoline 14,205 16,897 -15.9% Kerosene 3,498 4,092 -14.5% RMB Million Diesel 21,615 22,366 -3.4% 2,136 Domestic Sales Volume of Refined Products ‘000 tons Q3 2
Slide 12: Natural Gas Marketing - First Three Quarters
Natural Gas Marketing - First Three Quarters Sales Volume of Natural Gas Domestic Sales Volume of Natural Gas bcm bcm 198.7 189.5 147.2 138.1 Q1-Q3 2021 Q1-Q3 2022 Q1-Q3 2021 Q1-Q3 2022 Operating Profit* RMB million 18,395 15,644 Q1-Q3 2021 Q1-Q3 2022 *Excluding the impact of pipeline restructuring
Slide 13: Natural Gas Marketing - Third Quarter
Natural Gas Marketing - Third Quarter Sales Volume of Natural Gas Domestic Sales Volume of Natural Gas bcm bcm 64.6 59.2 41.9 43.5 Q3 2021 Q3 2022 Q3 2021 Q3 2022 Operating Profit RMB million 1,995 -173 Q3 2021 Q3 2022 13
Slide 14: Operating Targets for 2022 and Progress
Operating Targets for 2022 and Progress Q1-Q3 2022 2022 Target Progress Oil Equivalent of Oil & Gas Output 1,251.4 1,669.7 74.9% (MM boe) Output of Crude Oil 677.0 898.6 75.3% (MM bbl) Domestic Output of Crude Oil (MM bbl) 576.9 759.3 76.0% Output of Marketable Natural 3,444.8 4,625.1 74.5% Gas (bcf
Slide 15: Investor Relations and Media Relations contacts
Investor Relations Media Relations Tel: (852)2899-2010 Tel: (852)2522-1838 Fax: (852)2899-2390 Fax: (852)2521-9955 Email: hko@petrochina.com.hk Email: petrochina@prchina.com.hk