PetroChina Pays Out Full Profit as Oil Rally Counters Writedowns

PetroChina Co., the country’s biggest oil and gas company, once again rewarded shareholders by paying out its entire net income as dividends.

After a surprise payout from its half-year results in August, the Beijing-based company said Thursday it will send investors dividends that amount to slightly more than its 22.8 billion yuan ($3.6 billion) in 2017 net income.

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