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PetroChina

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PetroChina

PetroChina to delist from NYSE next month

UllaChi Aug 26, 2022

PetroChina Co Ltd, the listed unit of China National Petroleum Corp, said the company plans to finish the delisting process from New York Stock Exchange on September 8. PetroChina's Board of Directors decided to delist the company and is…

PetroChina

PetroChina Considering Spinoff of Energy Marketing Business, Sources Say

UllaChi Aug 18, 2022

PetroChina Co., the country’s biggest oil and gas producer, is weighing a plan to carve out its marketing and trading business and seek a separate listing, people with knowledge of the matter said. China National Petroleum Corp., the…

PetroChina

PetroChina expects 50-60 per cent jump in first-half profit on higher oil prices triggered by…

UllaChi Jul 16, 2022

China’s biggest oil company estimates net profit rose between 26.5 billion yuan (US$3.9 billion) and 32 billion yuan in the January to June period Brent crude has traded between US$78 and US$123 a barrel this year, higher than last…

PetroChina

PetroChina: A Steal At 6 Times Forward Earnings

chinastocks Aug 8, 2021

Summary Besides PetroChina's debt, the pandemic and the shift to electric vehicles bring obvious risks. However, Petro is trading at an ultra-low valuation and has been growing its cash flows significantly. We see little downside…

PetroChina

PetroChina Has Become Attractive After Its Recent Correction

chinastocks Jul 20, 2021

Summary PetroChina has incurred a 19% correction since early July, along with the entire energy sector. As a result, PetroChina is trading at only 5.9 times its expected earnings per share this year. Thanks to the exceptionally…

PetroChina

PetroChina expects profit growth in H1 2021

chinastocks Jul 5, 2021

PetroChina Company Limited, a major oil and gas producer and distributor, is expected to see its profits increase in the first half of 2021, the company said in a report filed with the Shanghai Stock Exchange. PetroChina estimates that…

PetroChina

Lower Oil Prices Drag Down PetroChina’s (PTR) 2020 Earnings

chinastocks May 5, 2021

PetroChina Company Limited PTR reported 2020 earnings of RMB 19,002 million or RMB 0.10 per share compared with RMB 45,677 million or RMB 0.25 in the year-earlier period. One of China’s big three oil giants, the other two being Sinopec …