Exploration and production segment once again become the pillar of oil, benefiting from high international oil price shocks, the oil re-earned laughs.
Petroleum semiannual reports show that in the first half produced a total of 4.25 million barrels of crude oil, up 1.7% year on year in recent years, the largest production increase; to achieve an average crude oil price of 72.4 U.S. dollars / barrel, up 70.6%; Exploration and Production segment operating profit 73.37 billion yuan, up 94.9% over the same period the previous year.
In the refining sector, affected by rising crude oil prices, refining margins narrowed, oil refining and chemical segment realized an operating profit of 5.46 billion yuan, down 68.3%.