PetroChina Co Ltd Class H

00857: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PetroChina Earnings: Positive Surprise from Natural Gas Sales Business; Proposes Shares Buyback

Chokwai Lee

Mar 31, 2025

PetroChina's 2024 net profit of CNY 164.7 billion was up 2% year on year, despite the average oil selling price falling 2% to USD 74.70 per barrel and weaker performance from refining, chemicals, and marketing segments. The lower energy prices were offset by a 2% increase in oil and gas output.

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PetroChina Co Ltd Class H

PetroChina Earnings: Positive Surprise from Natural Gas Sales Business; Proposes Shares Buyback

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