PetroChina (0857) recorded a net loss of 16.23 billion yuan (HK$17.78 billion) for the first quarter, plunging by 258.4 percent. The group gained 10.25 billion yuan in the same period last year. Revenue was down by 14.4 percent to 50.91 million yuan. The oil and gas output grew by 6.1 percent to 413.9 million barrels, of which the domestic oil and gas output increased by 6 percent to 357.6 million barrels. The overseas oil and gas output was 56.3 million barrels, up by 7 percent, from last year.

Source: The Standard April 29, 2020 10:30 UTC