PetroChina Profit Drops to 1999 Low

PetroChina Profit Drops to 1999 Low

Assessment

Interactive Video

Business, Architecture

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures did Petro China announce regarding capital expenditure for 2015?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was Petro China's stance on layoffs amidst the challenges faced in the oil sector?

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