Petrochina Co., Ltd. Class A · SSE:601857
Petrochina Co., Ltd. Class A — Q3 2019 Earnings Presentation
14 slides from Petrochina Co., Ltd. Class A's earnings presentation, October 2019
Slide 1: 2019 Third Quarter Results Presentation
2019 Third Quarter Results Presentation October 2019
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: Financial Highlights for the Third Quarter
Financial Highlights for the Third Quarter Financial highlights for the three months ended September 30 RMB Million Q3 2019 Q3 2018 Y-o-Y Change Turnover 618,143 607,080 +1.8% Profit from Operations 24,720 44,779 -44.8% Net Profit Attributable to 8,830 21,220 -58.4% Shareholders of the Company Basic
Slide 4: Financial Highlights for the First Three Quarters
Financial Highlights for the First Three Quarters Financial highlights for the nine months ended September 30 RMB Million 2019 2018 Y-o-Y Change Turnover 1,814,402 1,726,717 +5.1% Profit from Operations 95,383 112,153 -15.0% Net Profit Attributable to 37,253 48,661 -23.4% Shareholders of the Company
Slide 5: Exploration & Production
Exploration & Production Crude Output MM bbl MM bbl 663.3 682.7 225.6 230.8 114.1 125.8 40.3 43.7 549.2 556.9 185.3 187.1 Q3 2018 Q3 2019 Jan-Sep 2018 Jan-Sep 2019 Domestic Overseas Domestic Overseas Marketable Natural Gas Output Bln cf Bln cf 2,661.6 2,892.8 870.5 928.5 204.8 65.6 212.1 70.4 862.9
Slide 6: Exploration & Production
Exploration & Production Oil & Gas Equivalent Output MM boe 370.7 385.6 1,165.0 1,107.0 52.1 54.7 160.0 149.5 318.6 330.9 957.5 1,005.0 Q3 2018 Q3 2019 Jan-Sep 2018 Jan-Sep 2019 Domestic Overseas Domestic Overseas Operating Profit RMB Million 27,995 76,935 23,307 57,884 Q3 2018 Q3 2019 Jan-Sep 2018
Slide 7: Exploration & Production
Exploration & Production Average Realized Price of Crude Oil Average Realized Price of Natural Gas USD/bbl USD/ ‘000 cf 67.93 61.49 5.72 5.49 Jan-Sep 2018 Jan-Sep 2019 Jan-Sep 2018 Jan-Sep 2019 Oil and Gas Lifting Cost USD/bbl 11.47 11.28 Jan-Sep 2018 Jan-Sep 2019 7
Slide 8: Refining & Chemicals
Refining & Chemicals Crude Processing Volume MM bbl MM bbl 868.9 905.9 289.3 308.5 Q3 2018 Q3 2019 Jan-Sep 2018 Jan-Sep 2019 Operating Profit RMB Million RMB Million 14,215 38,906 2,557 8,855 11,658 2,166 30,051 7,133 133 3,723 2,033 3,410 Q3 2018 Q3 2019 Jan-Sep 2018 Jan-Sep 2019 Refining Chemicals
Slide 9: Refining & Chemicals
Refining & Chemicals Production of Major Oil Products ‘000 tons Q3 2019 Q3 2018 Y-o-Y Change Jan-Sep 2019 Jan-Sep 2018 Y-o-Y Change Refined Oil 29,867 27,132 +10.1% 86,583 81,516 +6.2% Products Gasoline 12,496 11,153 +12.0% 37,084 33,260 +11.5% Kerosene 3,340 2,937 +13.7% 9,378 8,300 +13.0% Diesel 1
Slide 10: Marketing
Marketing Sales Volume of Major Oil Products ‘000 tons Q3 2019 Q3 2018 Y-o-Y Change Jan-Sep 2019 Jan-Sep 2018 Y-o-Y Change Sales of Refined Oil 48,768 46,701 +4.4% 138,680 137,575 +0.8% Products Gasoline 20,354 18,000 +13.1% 56,850 55,489 +2.5% Kerosene 4,889 5,761 -15.1% 15,020 15,184 -1.1% Diesel
Slide 11: Natural Gas and Pipeline
Natural Gas and Pipeline Operating Profit RMB Million RMB Million 21,950 19,719 3,614 3,648 Q3 2018 Q3 2019 Jan-Sep 2018 Jan-Sep 2019 11
Slide 12: Key Tasks and Plans for the Fourth Quarter of 2019
Key Tasks and Plans for the Fourth Quarter of 2019 Strive to Increase domestic oil and gas reserves, production and efficiency Strengthen development and operation of new overseas projects Promote structural adjustment of refining and chemical business and reduce costs and increase Strongly promote
Slide 13: Key Operating Targets in 2019
Key Operating Targets in 2019 2019 Jan-Sep 2019 Achieved Target Actual Crude Oil Output 905.9 682.7 75.4% (MM bbl) Marketable Natural Gas Output 3,811.0 2,892.8 75.9% (Bcf) Oil & Gas Equivalent Output 1,541.2 1,165.0 75.6% (MM boe) Crude Processing volume (MM bbl) 1,170.4 905.9 77.4% 13
Slide 14: Investor Relations and Media Relations contacts
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