Slumping Crude Hurts CNPC Profits

The video discusses Petro China's financial performance, highlighting a significant drop in earnings due to volatile oil prices. It compares Petro China's situation with Sinopec, noting differences in profitability due to downstream operations. The video also covers Petro China's earnings and output changes, correlating these with oil price trends. Finally, it addresses upcoming reforms in the oil industry, particularly for CNPC, and their impact on the workforce.

What was the reported revenue decline percentage for Petro China's parent company?

How much did Petro China's full year earnings drop compared to the previous year?

What was the average price of Brent and Nymex crude oil last year?

What is the estimated number of employees CNPC has?

What significant change is CNPC undergoing due to the reforms mentioned?