Key facts
- PetroChina's third-quarter profit rose 21.6% to $7.78 billion.
- Nine-month profit increased 21.9% to 155.78 billion yuan.
- Crude output fell 2.2% in the first nine months.
- Refinery throughput decreased 3.7%.
- Gas and chemicals businesses showed growth.
PetroChina's third-quarter profit surged 21.6% to $7.78 billion, fueled by elevated oil and gas prices linked to the Iran conflict. The company's nine-month crude output, refinery runs, and domestic diesel sales all declined. However, its gas and chemicals segments experienced growth. PetroChina also reduced its capital spending for the first nine months of the year.