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PetroChina Company ( (HK:0857) ) has shared an announcement.
PetroChina announced the completion of a planned shareholding increase by its controlling shareholder, China National Petroleum Corporation, and CNPC’s wholly owned subsidiary Fairy King Investments. Before the transactions, CNPC and Fairy King jointly held about 82.33% of PetroChina’s total share capital, underscoring their dominant control position.
Under the plan running from April 8, 2025 to April 7, 2026, CNPC acquired 201,000,074 A shares via the Shanghai Stock Exchange’s centralized bidding system, while Fairy King Investments purchased 107,954,000 H shares in open-market trades in Hong Kong. The increase, funded within a previously disclosed RMB2.8 billion to RMB5.6 billion range, signals strong backing from the state-owned parent, potentially supporting PetroChina’s valuation and market confidence in both mainland and Hong Kong markets.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
More about PetroChina Company
PetroChina Company Limited is a major integrated oil and gas producer and distributor in China, operating across exploration, production, refining, and marketing segments. The company is controlled by China National Petroleum Corporation (CNPC), which holds the vast majority of PetroChina’s A and H shares, reinforcing its state-owned strategic role in China’s energy sector.
Average Trading Volume: 156,788,508
Technical Sentiment Signal: Buy
Current Market Cap: HK$2497.1B
For an in-depth examination of 0857 stock, go to TipRanks’ Overview page.