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PetroChina Co Ltd Class H 00857

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Stock XHKG Rating as of
HK$9.70 −0.08 (0.82%)
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PetroChina Outperforms Peer Sinopec in Downstream Operations

Chokwai Lee

PetroChina is the listed arm of one of China's two integrated oil majors and the largest oil producer. With revenue and assets more heavily weighted toward upstream activities, PetroChina is more sensitive to swings in the oil price than its peer, Sinopec. In addition, the firm’s downstream operations lag Sinopec, which has better scale and efficiency in the sector. However, PetroChina will benefit more in a rising oil price environment.

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Price vs Fair Value

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00857 is trading at a LOCK|R&#YG! premium.
Price
HK$9.70
Fair Value
LOCK|.n
Uncertainty
LOCK|pG
1-Star Price
LOCK|.&$
5-Star Price
LOCK|?#?
Economic Moat
LOCK|<V
Capital Allocation
LOCK|@qyf#<^

Bulls Say, Bears Say

Bulls

Continuous improvement in China’s gas pricing reform could help to reduce PetroChina’s losses from imported gas.

Bears

As a monopoly and a state-owned company, PetroChina could place national interests such as maintaining full employment above investors' interests.

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Trading Information

Previous Close Price
HK$9.78
Day Range
HK$9.63–9.92
52-Week Range
HK$7.86–12.22
Bid/Ask
HK$9.65 / HK$9.70
Shares Outstanding
183.02B
Market Cap
HK$1.78T
Volume/Avg
85M / 75M

Key Statistics

Price/Earnings (Normalized)
9.01
Price/Sales
0.54
Dividend Yield (Trailing)
6.06%
Dividend Yield (Forward)
6.20%
Dividend Payment Schedule
Jul, Oct
Total Yield
6.06%

Company Profile

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2025, it produced more than 1.8 billion barrels of oil equivalent of oil and gas, and processed 1.4 billion barrels of crude oil. It also has more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina’s revenue. State-owned China National Petroleum Corp is PetroChina’s controlling shareholder with a stake of more than 82%.
Sector
Energy
Industry
Oil & Gas Integrated
Stock Style Box
Large Value
Total Number of Employees
367,173
Website
https://www.petrochina.com.cn

Competitors

Valuation

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Metric
00857
XOM
00883
Price/Earnings (Normalized)
 9.0121.647.30
Price/Book Value
 0.942.821.12
Price/Sales
 0.542.082.30
Price/Cash Flow
 3.5411.324.17
Price/Earnings
00857
XOM
00883

Financial Strength

Metric
00857
XOM
00883
Quick Ratio
 0.680.742.63
Current Ratio
 1.151.042.80
Interest Coverage
 15.3559.5229.79
Quick Ratio
00857
XOM
00883

Profitability

Metric
00857
XOM
00883
Return on Assets (Normalized)
 7.42%8.50%12.35%
Return on Equity (Normalized)
 13.51%14.95%17.27%
Return on Invested Capital (Normalized)
 10.25%12.72%15.99%
Return on Assets
00857
XOM
00883

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LOCK|XV>><?>LOCK|%>f<Y$445B
 PetroChina Co Ltd Class H
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—LOCK|bB>$334B
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LOCK|%pw<hqLOCK|$^c$297B
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LOCK|%H<#<j!LOCK|#j$200B
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LOCK|^mqSy^hLOCK|ts$128B
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LOCK|#?VbvHvLOCK|g@$109B
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LOCK|WdMBNHLOCK|Gr$85B

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