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PetroChina’s Q3 profit down 5.3% on fuel sales decline, lower oil prices

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Asia’s largest oil and gas producer PetroChina Co Ltd reported a 5.3% year-on-year decline in third-quarter net profit as weaker fuel sales and lower oil prices outweighed growing gas and oil output. Net profit fell to 43.91 billion yuan ($6.15 billion), the company said in a stock filing on Tuesday. Revenue fell 12.4% to 702.4 ...

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