PetroChina Company Limited [“PetroChina” or the
“Company”, (HKSE: 00857; SSE: 601857)] announced that the Company proactively
grasped market opportunities in the first half of 2023. It took coordinated steps for
advancing business development, reform and innovation, operational quality and
profitability, as well as QHSE work. While relentless efforts were made to explore and
develop oil and gas resources and to boost the reserves and production, it persistently
deepened the transformation and upgrading of refining and chemical operations.
Meanwhile, the Company further enhanced the marketing business along with smooth
progress in the green and low-carbon transition and continued expansion of new
energies, new materials and new businesses. It sustained stable and profitable
operation of core oil and gas businesses with key production indicators improved
across the board. Although the Company’s realized oil price dropped by 21.7% yearon-
year, it achieved another record interim results.