PetroChina Company Limited (VIE:PECN)

PetroChina Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,810,797	2,870,490	2,939,938	3,174,708	2,551,738	1,875,016
Other Revenue	67,491	67,491	72,874	64,459	62,611	58,820
Revenue	2,878,288	2,937,981	3,012,812	3,239,167	2,614,349	1,933,836
Revenue Growth (YoY)	-6.95%	-2.48%	-6.99%	23.90%	35.19%	-23.16%
Cost of Revenue	1,884,567	1,938,093	1,972,238	2,213,080	1,770,019	1,267,797
Gross Profit	993,721	999,888	1,040,574	1,026,087	844,330	666,039
Selling, General & Admin	237,399	239,006	238,459	222,602	212,637	211,949
Other Operating Expenses	245,711	252,855	286,106	300,989	217,976	187,760
Operating Expenses	745,036	751,730	791,137	781,056	679,122	631,458
Operating Income	248,685	248,158	249,437	245,031	165,208	34,581
Interest Expense	-19,739	-20,731	-24,063	-21,554	-19,739	-26,528
Interest & Investment Income	8,724	8,799	8,288	4,738	3,001	3,048
Earnings From Equity Investments	18,180	18,644	18,538	15,251	13,267	3,533
Currency Exchange Gain (Loss)	518	842	-744	-1,818	538	108
EBT Excluding Unusual Items	256,368	255,712	251,456	241,648	162,275	14,742
Gain (Loss) on Sale of Investments	-41	-41	-36	-	-	-
Gain (Loss) on Sale of Assets	-9,961	-9,961	-11,591	-20,726	-15,384	-4,156
Asset Writedown	-4,202	-4,202	-1,948	-7,645	-7,008	-1,459
Other Unusual Items	-	-	-	-	18,320	46,946
Pretax Income	242,164	241,508	237,881	213,277	158,203	56,073
Income Tax Expense	57,890	57,753	57,318	49,929	43,507	22,588
Earnings From Continuing Operations	184,274	183,755	180,563	163,348	114,696	33,485
Minority Interest in Earnings	-18,549	-19,071	-19,147	-14,605	-22,526	-14,479
Net Income	165,725	164,684	161,416	148,743	92,170	19,006
Net Income to Common	165,725	164,684	161,416	148,743	92,170	19,006
Net Income Growth	1.32%	2.02%	8.52%	61.38%	384.95%	-58.39%
Shares Outstanding (Basic)	182,262	183,021	183,021	183,021	183,021	183,021
Shares Outstanding (Diluted)	182,262	183,021	183,021	183,021	183,021	183,021
EPS (Basic)	0.91	0.90	0.88	0.81	0.50	0.10
EPS (Diluted)	0.91	0.90	0.88	0.81	0.50	0.10
EPS Growth	2.15%	2.25%	8.64%	62.00%	400.00%	-59.94%
Free Cash Flow	128,476	104,352	175,971	150,055	79,852	70,199
Free Cash Flow Per Share	0.70	0.57	0.96	0.82	0.44	0.38
Dividend Per Share	0.470	0.470	0.440	0.423	0.227	0.175
Dividend Growth	6.82%	6.82%	4.12%	86.47%	29.62%	55.68%
Gross Margin	34.52%	34.03%	34.54%	31.68%	32.30%	34.44%
Operating Margin	8.64%	8.45%	8.28%	7.56%	6.32%	1.79%
Profit Margin	5.76%	5.61%	5.36%	4.59%	3.53%	0.98%
Free Cash Flow Margin	4.46%	3.55%	5.84%	4.63%	3.05%	3.63%
EBITDA	479,991	478,296	489,632	474,809	387,638	242,015
EBITDA Margin	16.68%	16.28%	16.25%	14.66%	14.83%	12.52%
D&A For EBITDA	231,306	230,138	240,195	229,778	222,430	207,434
EBIT	248,685	248,158	249,437	245,031	165,208	34,581
EBIT Margin	8.64%	8.45%	8.28%	7.56%	6.32%	1.79%
Effective Tax Rate	23.91%	23.91%	24.09%	23.41%	27.50%	40.28%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.