PetroChina Posts Record Quarterly Profit on Higher Oil Price

PetroChina Co. posted its best ever quarterly profit as China’s largest oil and gas producer benefited from rising energy prices due to the war in the Middle East.

By John Liu, Kathy Chen · Bloomberg Markets

PetroChina Co. posted its best ever quarterly profit as China’s largest oil and gas producer benefited from rising energy prices due to the war in the Middle East.