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PetroChina's (PTR) H1 profit slipped on higher operating expenses. H1 net profit was 68.8B yuan...

PetroChina's (PTR) H1 profit slipped on higher operating expenses. H1 net profit was 68.8B yuan ($10.8B) on 952.2B yuan ($149.8B) in revenue, vs. earnings of 73.7B yuan on 1T yuan in revenue Y/Y. Total oil and gas output reached 667.9M boe, up 3.8%. “The macroeconomic environment will remain complicated and severe in the second half of 2012," PTR says. (also)

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