China’s state-owned PetroChina recorded a 15% rise in Q2 2014 profit, which was in line with analyst estimates, due to higher upstream earnings and improved refining margins. Net profit rose to US $5.52 Bn in Q2 2014 compared to $4.80 Bn in Q2 2013, according to Reuters calculations based on PetroChina’s first-half results. That compares with an average forecast of $5.41 Bn by six analysts polled by Thomson Reuters.
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