PetroChina Posts 22% Third-Quarter Net Profit Increase
PetroChina’s third-quarter net profit rose 22%, supported by elevated oil prices, the report says.
By Kimberley KaoChinese oil company PetroChina posted a 22% increase in third-quarter net profit, supported by elevated oil prices amid the Middle East conflict.Geopolitical uncertainty has kept energy markets on edge eight months into the U.S. war with Iran, with prices of crude oil whipsawing alo…