PetroChina Profit Plunges to Record Low on Oil Price Rout

Updated on
  • Third-quarter net income tumbles 81 percent, missing estimates
  • Company says it faced 'complicated and grim' environment

PetroChina Co., the country’s biggest oil and gas producer, posted its worst quarterly profit as a plunge in crude prices punished revenue.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.