PetroChina Posts Higher Q1 Profit Despite Revenue Dip and Weaker Cash Flow

The latest update is out from PetroChina Company ( (HK:0857) ).

PetroChina reported first-quarter 2026 revenue of RMB 736.38 billion, down 2.2% year on year, while profit attributable to shareholders edged up 1.9% to RMB 48.33 billion, keeping return on net assets stable at 3.0%. Basic and diluted earnings per share rose to RMB 0.264, and equity attributable to shareholders increased slightly, although net cash flows from operating activities fell sharply by 39.4% to RMB 84.47 billion, highlighting pressure on cash generation despite resilient profitability and asset growth.

Total assets expanded 6.1% from year-end to RMB 3.04 trillion, and shareholder equity inched up 0.4%, underscoring PetroChina’s continued balance-sheet strengthening even as top-line growth softened. The combination of modest earnings improvement, declining revenue, and weaker operating cash flow suggests a more challenging operating environment for the energy major, with implications for capital allocation, investment plans, and returns to shareholders in the near term.

The most recent analyst rating on (HK:0857) stock is a Buy with a HK$12.20 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 supplier in China, operating across exploration, production, refining, and marketing of petroleum and natural gas products. Listed in Hong Kong and Shanghai, the group plays a central role in the domestic energy market and reports under both China Accounting Standards and IFRS.

Average Trading Volume: 158,810,826

Technical Sentiment Signal: Buy

Current Market Cap: HK$2466.2B

For an in-depth examination of 0857 stock, go to TipRanks’ Overview page.