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PetroChina (PTR +2%) reports Q1 net profit fell 8% Y/Y to 36B yuan ($5.8B) from 39.15B yuan due...

PetroChina (PTR +2%) reports Q1 net profit fell 8% Y/Y to 36B yuan ($5.8B) from 39.15B yuan due to lower realized crude prices and losses in refining and chemical businesses. Crude oil output rose 1.8% to 231M barrels, with the average selling price falling 2.3% to $103.08/bbl.

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