Is China Petroleum Coalbed Methane Company profitable?

All right.

According to the annual report data released by PetroChina CBM Company, in 20 19, the company achieved operating income of about1558.4 billion yuan and net profit of about 2.432 billion yuan, showing a certain growth trend.

China Petroleum Coalbed Methane Exploration and Development Company is one of the subsidiaries of China Petroleum and Natural Gas Group Company, which is mainly engaged in the exploration, development, production and sales of coalbed methane.