CNPC earns $26 bln net profit in 2010
Shanghai. April 19. INTERFAX-CHINA - China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, earned net profit of RMB 172.7 billion ($26.49 billion) last year, according to its annual Corporate Social Responsibility Report issued April 18.
The company's 2010 revenue totaled RMB 1.72 trillion ($263.80 billion), the report said.
PetroChina Co. Ltd. (PetroChina), the listed arm of CNPC, reported total revenue of RMB 1.47 billion ($198.94) and net profit of RMB 139.87 billion ($18.93 billion) in its 2010 fiscal report issued in March this year.
CNPC produced 72.5 billion cubic meters (bcm) of natural gas in 2010, outstripping PetroChina's output by 9.60 bcm. Additionally, CNPC processed 135 million tons of oil in 2010, while PetroChina processed 122.33 million tons.
-TW