Patrochina Annual Report2008

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2008 ANNUAL REPORT

PETROCHINA COMPANY LIMITED

( Hong Kong Stock Exchange Stock Code: 857) ( New York Stock Exchange Symbol: PTR ) ( Shanghai Stock Exchange Stock Code: 601857)

CONTENTS

002 002 005 010 016 020 025 040 046 058 066 067 080 084 098

100

237 241 242

IMPORTANT NOTICE

CORPORATE PROFILE

002

003

004

SUMMARY OF ACCOUNTING DATA AND FINANCIAL INDICATORS

1. Key Accounting Data and Financial Indicators Prepared under International Financial Reporting Standards (“IFRS”)

Unit: RMB Million

2008

Turnover Profit from operations Profit before taxation Taxation Profit for the year Attributable to: Equity holders of the Company Minority interest Basic and diluted earnings per share (RMB)(2) Total current assets Total non-current assets Total current liabilities Total non-current liabilities Equity Attributable to: Equity holders of the Company Minority interest Total equity Other financial data Capital expenditures Net cash flows from operating activities Net cash flows used for investing activities Net cash flows from financing activities (used for financing activities) Fixed assets, net of accumulated depreciation Total assets Net cash flows from operating activities per share (RMB) (3) Net assets per share attributable to equity holders of the Company (RMB) (4)

Notes:

As at or for the year ended December 31, 2007 2006 2005

836,353 200,771 204,957 (49,781) 155,176 146,750 8,426 155,176 0.82 235,549 832,131 199,222 86,358 690,512 199,897 200,750 (50,602) 150,148 143,511 6,637 150,148 0.80 165,498 713,043 181,125 75,244 553,350 193,765 195,018 (54,913) 140,105 134,373 5,732 140,105 0.76 178,592 605,132 155,992 81,412

2004

397,812 152,434 152,112 (44,004) 108,108 104,566 3,542 108,108 0.59 124,275 519,366 131,459 67,028

1,071,146 159,300 161,829 (35,178) 126,651 114,431 12,220 126,651 0.63 224,473 969,701 264,337 82,711

790,838 56,288 847,126

738,204 43,896 782,100

590,423 31,749 622,172

517,941 28,379 546,320...