Mar 25, 2021 / 08:45AM GMT
Unidentified Company Representative -
(technical difficulty)
(foreign language)
E&P, as a foundation of our development, remains a focus of investment. In 2020, CapEx for E&P was CNY 186.62 billion, 75.71% of the corporate total.
In 2020, new life crude price averaged $40.33 per barrel, down 33.8% year-on-year. Realized gas price averaged $4.80 per Mcf, down 10.9%. And expanding on gas point, we continue to improve quality and efficiency, enhance cost control and for fruitful results.
Leasing cost was down by 8.3%. Cash acceptancy down 2.8%; SG&A down 6.2%. We're properly our rent investment, change of asset management and further optimize asset GAAP structure. Financial profile is down in general. By December 31, 2020, total assets, CNY 4.49 trillion, down 9% year-on-year. Interest savings at CNY 358.91 billion, down 21% year-on-year. WCC of interest-bearing debt 2.87%, down 0.78 percentage points.
Debt ratio, 45.1%, down 2.1 percentage points year-on-year. Debt-to-capital ratio, 21.3%, down 2.1 percentage points year-on-year.
We emphasized on
Full Year 2020 PetroChina Co Ltd Earnings Call (Chinese, English) Transcript
Feb 14, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers