PetroChina records A$6B H1 loss, commits to 'near-zero' emissions

ASIA’s largest oil and gas producer PetroChina has reported a half year loss of ¥29.98 billion (A$6 billion) due to the COVID-19 pandemic and the oil price crash, and made modest commitments to cut emissions to near zero by 2050.

PetroChina records A$6B H1 loss, commits to 'near-zero' emissions  PetroChina records A$6B H1 loss, commits to 'near-zero' emissions  PetroChina records A$6B H1 loss, commits to 'near-zero' emissions  PetroChina records A$6B H1 loss, commits to 'near-zero' emissions  PetroChina records A$6B H1 loss, commits to 'near-zero' emissions

The loss compares with a profit of ¥28.42 billion during the same period last year, while revenue fell 22% year-on-year to ¥929 billion yuan (A$185 million).