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PetroChina Co (BUE:PTRCY) Cash Paid for Insurance Activities


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What is PetroChina Co Cash Paid for Insurance Activities?

Cash Paid for Insurance Activities only applicable to companies reporting Cash Flow from Operations in direct method.


PetroChina Co (BUE:PTRCY) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (BUE:PTRCY) » Definitions » Cash Paid for Insurance Activities
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No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.