PetroChina Profit Drops to 1999 Low

The video discusses the impact of a significant drop in oil prices on global oil and gas majors, with a focus on PetroChina. PetroChina experienced a substantial profit decline and asset write-downs due to the oil price crash. The video highlights the correlation between Brent oil prices and PetroChina's market performance. It also covers PetroChina's involvement in supply-side efficiency reforms and its strategies for 2016, including spending cuts and managing HR without layoffs.

What was the percentage decline in PetroChina's net income due to the drop in oil prices?

• 50%

• 90%

• 67%

• 80%

Which line in the graph represents Brent crude prices?

• Yellow line

• Red line

• Green line

• Blue line

What reforms is PetroChina involved in as part of its strategic response?

• Financial restructuring

• Supply-side efficiency reforms

• Technological innovation

• Demand-side management

What is the expected range for oil prices in 2016 according to PetroChina's outlook?

• $20 to $30

• $30 to $40

• $40 to $50

• $50 to $60

How does PetroChina plan to handle potential redundancies?

• Massive layoffs

• Outsourcing jobs

• Hiring new staff

• Relocating employees within the company