PetroChina (OTC:PCCYF) 2025 Earnings: Revenue, Profit, and Sustainability Initiatives

Font: Financial Modeling Prep  • Mar 30, 2026

PetroChina Company Limited (OTC:PCCYF) Earnings and Financial Performance Overview

Revenue Declined Modestly as Oil Prices Softened: PetroChina reported 2025 revenue of RMB 2.86 trillion, down 2.5% year over year, as weaker realized oil prices offset gains in output and gas-related business. Reuters reported that PetroChina’s 2025 net profit fell 4.5% amid lower oil prices.

Profitability Remained Strong Despite Pressure on Earnings: For 2025, PetroChina reported profit attributable to shareholders of RMB 157.3 billion. Under China accounting standards, operating profit was RMB 234.6 billion. Quarterly operating income for 2025 was RMB 753.1 billion in Q1, RMB 697.0 billion in Q2, RMB 719.2 billion in Q3, and RMB 695.2 billion in Q4, while quarterly net profit attributable to shareholders was RMB 46.8 billion, RMB 37.2 billion, RMB 42.3 billion, and RMB 31.0 billion, respectively.

Continued Push on Sustainability and New Energy: PetroChina said it continued advancing its green and low-carbon transition in 2025, including growth in wind and solar generation, geothermal contracts, and CO2 utilization, while also emphasizing efficiency improvements and value creation across its energy businesses.

PetroChina Company Limited (OTC:PCCYF) is one of the world’s largest oil companies and the largest oil and gas producer and seller in China. The company operates across exploration, development, production, refining, chemicals, marketing, natural gas, and newer energy businesses. Despite continued volatility in oil markets, PetroChina remains a central player in China’s energy sector and an important participant in the global energy industry.

PetroChina released its 2025 annual results announcement on March 27, 2026. According to the company’s results announcement, full-year revenue was RMB 2.86 trillion, compared with RMB 2.93 trillion in 2024, while profit attributable to owners of the company was RMB 157.3 billion, down from RMB 164.7 billion a year earlier. The company also reported basic and diluted earnings per share of RMB 0.86 for 2025.

The profit decline was driven largely by lower oil prices, noting a 14.2% drop in average realized oil prices. Even so, PetroChina increased crude output by 0.7% and natural gas production by 4.5% in 2025, helping support overall operating resilience.

Looking at quarterly performance under China accounting standards, PetroChina reported Q4 2025 operating income of RMB 695.2 billion and Q4 net profit attributable to shareholders of RMB 31.0 billion. That compares with RMB 719.2 billion and RMB 42.3 billion in Q3 2025. These figures show that PetroChina remained profitable throughout the year, although quarterly earnings softened toward year-end.

PetroChina’s longer-term strategy continues to emphasize production growth, operational discipline, and lower-carbon development. The company said it generated 7.93 billion kWh of wind and solar power in 2025, up 68.0% year over year, while also expanding geothermal and carbon-utilization initiatives. These efforts support PetroChina’s broader goal of improving ESG performance and strengthening value creation across the energy value chain.