PetroChina Co Ltd Class H

00857: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PetroChina Earnings: High Oil Prices Drive Record Results; H-Shares Undervalued

Chokwai Lee

Oct 29, 2026

PetroChina’s nine-month net profit rose 22% year on year to a record CNY 155.8 billion, driven by an 18% jump in realized oil prices. Downstream segments remained resilient, with refining and chemicals and marketing delivering operating profit growth of 25%-42%.

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PetroChina Co Ltd Class H

PetroChina Earnings: High Oil Prices Drive Record Results; H-Shares Undervalued

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