PetroChina Company Limited (HKG: 0857)

PetroChina Company Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,012,899	2,938,138	3,174,708	2,551,738	1,875,016	2,458,600
Other Revenue	72,111	72,874	64,459	62,611	58,820	58,210
Revenue	3,085,010	3,011,012	3,239,167	2,614,349	1,933,836	2,516,810
Revenue Growth (YoY)	-0.63%	-7.04%	23.90%	35.19%	-23.16%	5.97%
Cost of Revenue	2,032,534	1,972,940	2,213,080	1,770,019	1,267,797	1,697,834
Gross Profit	1,052,476	1,038,072	1,026,087	844,330	666,039	818,976
Selling, General & Admin	239,592	236,819	222,602	212,637	211,949	222,914
Other Operating Expenses	290,903	285,980	300,989	217,976	187,760	228,263
Operating Expenses	799,159	789,067	781,056	679,122	631,458	695,357
Operating Income	253,317	249,005	245,031	165,208	34,581	123,619
Interest Expense	-22,634	-24,063	-21,554	-19,739	-26,528	-30,409
Interest & Investment Income	9,094	8,265	4,738	3,001	3,048	3,631
Earnings From Equity Investments	19,163	18,538	15,251	13,267	3,533	8,229
Currency Exchange Gain (Loss)	-555	-744	-1,818	538	108	1
EBT Excluding Unusual Items	258,385	251,001	241,648	162,275	14,742	105,071
Gain (Loss) on Sale of Assets	-11,591	-11,591	-20,726	-15,384	-4,156	-
Asset Writedown	-1,948	-1,948	-7,645	-7,008	-1,459	-1,857
Other Unusual Items	-	-	-	18,320	46,946	-
Pretax Income	244,846	237,462	213,277	158,203	56,073	103,214
Income Tax Expense	59,518	57,169	49,929	43,507	22,588	36,199
Earnings From Continuing Operations	185,328	180,293	163,348	114,696	33,485	67,015
Minority Interest in Earnings	-20,843	-19,147	-14,605	-22,526	-14,479	-21,333
Net Income	164,485	161,146	148,743	92,170	19,006	45,682
Net Income to Common	164,485	161,146	148,743	92,170	19,006	45,682
Net Income Growth	7.94%	8.34%	61.38%	384.95%	-58.39%	-13.87%
Shares Outstanding (Basic)	183,021	183,021	183,021	183,021	183,021	183,021
Shares Outstanding (Diluted)	183,021	183,021	183,021	183,021	183,021	183,021
EPS (Basic)	0.90	0.88	0.81	0.50	0.10	0.25
EPS (Diluted)	0.89	0.88	0.81	0.50	0.10	0.25
EPS Growth	7.23%	8.64%	62.00%	400.00%	-59.94%	-13.87%
Free Cash Flow	165,137	175,704	150,055	79,852	70,199	39,924
Free Cash Flow Per Share	0.90	0.96	0.82	0.44	0.38	0.22
Dividend Per Share	0.450	0.440	0.423	0.227	0.175	0.112
Dividend Growth	4.65%	4.12%	86.47%	29.62%	55.68%	-25.87%
Gross Margin	34.12%	34.48%	31.68%	32.30%	34.44%	32.54%
Operating Margin	8.21%	8.27%	7.56%	6.32%	1.79%	4.91%
Profit Margin	5.33%	5.35%	4.59%	3.53%	0.98%	1.82%
Free Cash Flow Margin	5.35%	5.84%	4.63%	3.05%	3.63%	1.59%
EBITDA	494,457	488,904	474,809	387,638	242,015	340,951
EBITDA Margin	16.03%	16.24%	14.66%	14.83%	12.51%	13.55%
D&A For EBITDA	241,140	239,899	229,778	222,430	207,434	217,332
EBIT	253,317	249,005	245,031	165,208	34,581	123,619
EBIT Margin	8.21%	8.27%	7.56%	6.32%	1.79%	4.91%
Effective Tax Rate	24.31%	24.07%	23.41%	27.50%	40.28%	35.07%

Source: S&P Capital IQ. Standard template. Financial Sources.