HONG KONG, March 30, 2026 /PRNewswire/ — PetroChina Company Limited [“PetroChina” or the “Company”, (HKSE: 00857; SSE: 601857)] announced that in 2025, the Company proactively responded to changes in the external environment, continuously intensified exploration and development, further propelled the transformation and upgrading of refining and chemicals, focused on improving marketing quality. The Company deeply promoted quality and efficiency improvement, steadily advanced green and low-carbon transformation, accelerated the layout of emerging industries, distinctively strengthened innovation-driven development, led the development of new quality productive forces, and continuously improved ESG performance, further enhancing the value creation capability of the oil and gas industry chains. Despite a 14.6% year-on-year decrease in Brent crude oil prices, the Company maintained high operating results. In 2025, the Company achieved revenue of RMB 2,864.47 billion and profit attributable to owners of the Company of RMB 157.32 billion. Free cash flows reached RMB 120.19 billion, representing a year-on-year increase of 15.2%. The Debt-to-Asset ratio and the Debt-to-Capital ratio stood at 36.4% and 11.2% respectively, the assets and liabilities structure was further optimized, and the financial position remained sound.
During the 14th Five-Year Plan period, the Company recorded cumulative profit attributable to owners of the Company exceeding RMB 700 billion, with cumulative dividend per share of RMB 2.03 and an average annual dividend payout ratio of 51%, significantly exceeding the 30% standard stipulated in the Articles of Association. In return for shareholders, the Board recommends the distribution of a final dividend of RMB 0.25 per share (inclusive of applicable taxes) for 2025, bringing the full-year dividend to RMB 0.47 per share (inclusive of applicable taxes), representing a dividend payout ratio of 54.7% and the total dividend payout of RMB 86.02 billion. Both the final and full-year dividends per share maintained the best level for the same period in history, while the payout ratio also reached its highest level in the past five years.
Results Review
Oil and gas supply capability was continuously strengthened, with new energy business accelerating development. The Company vigorously implemented advanced effective development, actively promoted a virtuous cycle of increasing reserves and production, and achieved multiple major breakthroughs and significant discoveries in Sichuan Basin, Junggar Basin, Qaidam Basin, Ordos Basin, and Songliao Basin. The Company fully tapped the potential of mature oil and gas fields, strived to improve recovery rates, and efficiently advanced the construction of key production capacity projects including Tarim Fuman and Sichuan Tianfu tight gas, completed the construction of two national-level shale oil demonstration zones in Jimsar and Daqing Gulong as well as the Qingcheng production base. Oil and gas output reached new record highs, with shale oil and coalbed methane output increasing substantially. The Company strengthened operation management of existing overseas oil and gas projects, achieving stable operation and profitable development. In 2025, the Company recorded oil and gas output of 1,841.9 MM boe, year-on-year up by 2.5%. The Company continued to refine its new energy business layout, successively completed a batch of wind and solar power key projects in Tarim Shangku and Xinjiang Altay, …