(MENAFN) Top Chinese oil and gas producer PetroChina said its net profits have topped 130 percent last year due to higher global oil prices and strong natural gas demand locally.
Net profits attributable to equity holders reached 52.6 billion yuan (about 7.9 billion U.S. dollars)in 2018, up 130.7 percent year on year.
Moreover, revenue went up 16.8 percent year on year to 2.35 trillion yuan.
The company attributed the growth to factors including increased global oil prices, which were up by around 30 percent on average than the year before.
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