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CNPC reports profit of $12.7 billion for full-year 2015
China’s largest oil and gas producer, China National Petroleum Corp. (CNPC), reported its full-year 2015 profit, showing a 52% decline year-over-year. The company reported $12.7 billion in total profit for the year, reports Shanghai Daily, and revenues of $308 billion, down 26% from 2014.

The company produced 260 million metric tons of oil and gas equivalent (196 MMBOE) in 2015, up 1.8% from the year before. Its domestic crude output reached 110 million metric tons (82.9 MMBOE) account...

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