Guangzhou (JLC), April 30, 2026--PetroChina's net profit attributable to its shareholders increased by 1.9% year on year in Q1 2026, data from the company's Q1 2026 report shows, which was calculated in accordance with the International Financial Reporting Standards (IFRS).
The company's net profit came in at around CNY48.33 billion in Q1 2026, up from CNY47.45 billion in Q1 2025.
Meanwhile, its revenue fell by 2.2% year on year to CNY736.38 billion, the data indicates.
PetroChina processed 343.0 million barrels of crude oil in the first three months of 2026, up 1.7% from the same period one year earlier.
Its combined output of gasoline, diesel, and kerosene edged down by 0.1% year on year. Specifically, the company's production of gasoline decreased by 2.1% to 11.29 million mt, while that of diesel grew by 1.6% to 12.59 million mt and that of kerosene edged up by 0.7% to 4.66 million mt.
In Q1 2026, the company sold 38.53 million mt of oil products, representing a climb of 4.8% year on year. Its domestic oil product sales stood at 28.02 million mt, up 1.8%.
During January-March this year, the company's oil and gas output amounted to 470.2 million barrels of oil equivalent, a gain of 0.7% year on year.
Notably, in the first quarter of 2026, the company's commercial volume of chemical products and its output of ethylene and new materials reached 10.78 million mt, 2.755 million mt, and 1.23 million mt, respectively, surging by 8.2%, 21.4%, and 53.5% year on year, according to the report.
