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Chinese oil, gas companies take unusual step of cutting capex

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Listen: Chinese oil, gas companies take unusual step of cutting capex

Platts' Song Yen Ling, senior writer for China, discusses Chinese state-owned oil and gas companies' recently-announced investment plans, having taken the unusual step of cutting their capital expenditure; the norm being to have capex grow year on year in order to boost growth. The main reason for this decision is a change in focus to getting more valuable assets and prioritizing efficiency and cost control.


This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.


We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.