PetroChina Co Ltd Class H
00857: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.&b | LOCK|W^! | LOCK|zbfC$J< |
PetroChina Earnings: Resilient Performance Despite Weaker Oil Prices
PetroChina’s nine-month net profit declined by just 5% year on year, despite a 15% drop in the average realized oil price. Downstream earnings, including refining, chemicals, and marketing, proved resilient, falling only 1%.
