BEIJING: China National Petroleum Corporation (CNPC), the country's largest oil and gas producer and supplier, reported a 62.1-percent surge in net profit in 2022.

Net profit attributable to the parent company reached 149.38 billion yuan (about 21.74 billion U.S. dollars) last year, the company said in a statement filed with the Shanghai Stock Exchange, reports Xinhua.

The company also said that its free cash flow increased by 88.4 percent year on year.