The fist season of 2009 performance report announceed this evening by CNPC(China National Petroleum Company).

According to the IAS(International Accounting Standards ) , 18.956 billion yuan among it is the net profit for the corporate stockholders,which has declined 35.3% compared to the same seson last year ,and income 0.1yuan per share,declined 37.5%.

According to Chinese GAAP,the comapny have operating revenue for 181.582 billion yuan,declined 30% on year-on-year basis ;achieve net profit for 18.774 billion yuan,decline 36.2%  ; income 0.1yuan per share,declined 37.5% .

During the reporting time, many target of and Production and operation  have obviously slide, of which the average realized price of crude oil has decline to $87.93/barrel from $37.1/barrel last year. The  exploration and production suffered a big setback .Meanwhile the crude runs and product oil outputs declined nearly 15%.

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