) -- PetroChina Company Limited announced that in 1Q-3Q 2022, despite complex and severe external environment, the company overcame the challenges arising from lower crude oil demand and natural disasters such as flooding, said the company.
Coordinated efforts were made to maintain stable production and operations, promote business reform and innovation, and respond to COVID-19. Meanwhile, the company vigorously expanded its exploration and development efforts, and optimized the operation of its oil and gas industrial chains to ensure the stable oil and gas supply. In 1Q-3Q 2022, the company continued to deliver record financial results for the same period. In accordance with IFRS, the company achieved revenue of Yuan 2460 bn, up 30.6% year-on-year. Net profit attributable to parent company was Yuan 120.271 bn, up 60.1% year-on-year.
Net cash inflow from operating activities increased by 38.3% year-on-year and free cash flow increased significantly. The company maintained a sound financial position. Steady growth in oil and gas production amid persistent efforts in expanding exploration and development.
The company stepped up investment in exploration and development, actively expanded oil and gas production capacity, and strived to increase reserves and production. It also promoted the new energies business with solid steps and continued to increase capex to promote the integrated development of oil, gas and new energies. The company attached equal importance to production volume and profitability, and kept working on cost control. For overseas business, the company forged ahead with key projects and further optimized its business layout and asset structure. In 1Q-3Q 2022, crude oil output reached 677 M barrels, of which domestic crude oil output reached 577 M barrels, up 2.7% year-on-year. The marketable natural gas output reached 3445 bcf, of which domestic marketable natural gas output reached 3296 bcf, up 5.1% year-on-year.
The oil equivalent of oil and gas output was 1.25 bn barrels, of which domestic oil and gas output reached 1.13 bn barrels of oil equivalent, up 3.9% year-on-year. The oil, gas and new energies segment achieved an operating profit of Yuan 138.93 bn. Remarkable results in product mix adjustment driven by continuous transformation and upgrading of refining and chemicals operation. Stay market-oriented, the company actively optimized its resources and rationalized processing load.
It pressed ahead with reducing the output of refined products and increasing chemical and speciality products, with product mix further optimized. It also enhanced R&D efforts and established the research institute for new materials in Japan. As a result, the output of new materials substantially increased. New progress was made in the development of key projects, with the Guangdong Petrochemical and Refining Project preparing for commissioning. In 1Q-3Q 2022, the company processed 896 M barrels of crude oil and produced 77.456 M tonnes of gasoline, kerosene, and diesel.
The company produced 23.486 M tonnes of chemical products, up 3.5% year-on-year. The refining, chemicals and new materials segment generated an operating profit of Yuan 26.37 bn. The marketing segment recorded an operating profit of Yuan 7.24 bn.
, PetroChina Dagang Petrochemical Company successfully commissioned a 150,000 tpy Ionikylation unit for the production of high octane alkylate. Start-up activities were completed on August 14, 2022. The Dagang alkylation unit is the third Ionikylation unit in PetroChina’s portfolio and the seventh commercial Ionikylation project to date.mrchub.com