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China's Oil Producers Continue Major Output Cuts

Oct 20, 2016 04:25 PM EDT

China reported a 9.8 percent decline in its crude oil output in the month of September, its second -biggest year-over-year decline in oil on record.

China's PetroChina Co. posted the highest liability among non-financial A-share companies with more than $1.05 trillion yuan ($162.8 billion).

PetroChina's Liabilities Amount to 1 Trillion Yuan

Charissa Echavez |

Apr 11, 2016 04:05 PM EDT

PetroChina, the country's biggest oil producer, posted the highest amount of liabilities among all non-financial A-share firms with 1.05 trillion yuan ($162.8 billion), the worst in nearly two decades.

Chinese State-Owned Oil Company to Divest Itself of Hotels and Cars

Benjie Batanes |

Sep 14, 2015 09:25 AM EDT

A Chinese government-owned oil company has announced on Monday that it will divest most of its hotels and let go of several thousand vehicles. The move is seen as an effort by the company to stamp out graft and corruption within its ranks.