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PetroChina Company Limited Class H (HK:0857)
:0857

PetroChina Company (0857) AI Stock Analysis

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HK

PetroChina Company

(OTC:0857)

Rating:73Outperform
Price Target:
HK$7.50
▲(8.07%Upside)
PetroChina's strong financial performance and attractive valuation are the primary strengths driving its score. However, technical indicators suggest potential overbought conditions, and concerns over declining revenue and cash flow stability reduce the overall score.
Positive Factors
Dividend and Cash Flow
Earnings and cash flow to stay at elevated levels and support decent dividend yield of approximately 8%.
Profitability and Market Performance
Strong upstream profitability and firm marketing and natural gas sales helped offset weaker oil prices.
Negative Factors
Competition and Market Risks
Downside risks include execution disappointment and natural gas losses as well as regulatory risks.
Oil Prices and Future Earnings
Softer oil prices may drag on future earnings, but PetroChina has showed strong earnings.

PetroChina Company (0857) vs. iShares MSCI Hong Kong ETF (EWH)

PetroChina Company Business Overview & Revenue Model

Company DescriptionPetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment is involved in marketing of refined products and trading business. The Natural Gas and Pipeline segment engages in the transmission of natural gas, crude oil, and refined products; and sale of natural gas. As of December 31, 2021, the company had a total length of 26,076 km, including 17,329 km of natural gas pipelines, 7,340 km of crude oil pipelines, and 1,407 km of refined product pipelines. The company is also involved in the exploration, development, and production of oil sands and coalbed methane; trading of crude oil and petrochemical products; storage, chemical engineering, storage facilities, service station, and transportation facilities and related businesses; and production and sales of basic and derivative chemical, and other chemical products. The company was founded in 1999 and is headquartered in Beijing, the People's Republic of China. PetroChina Company Limited is a subsidiary of China National Petroleum Corporation.
How the Company Makes MoneyPetroChina generates revenue through its extensive operations in the oil and gas industry. The primary revenue streams include the exploration and production of crude oil and natural gas, which are sold both domestically and internationally. The refining and chemicals segment processes crude oil into various petroleum products, which are then distributed through its marketing and trading networks. Additionally, the company operates a vast network of pipelines for the transportation of oil and gas, adding another revenue layer through transportation fees. PetroChina's strategic partnerships and joint ventures, particularly in international markets, also contribute significantly to its earnings by expanding its market reach and access to resources. Government policies and global oil prices are significant factors influencing PetroChina’s financial performance.

PetroChina Company Financial Statement Overview

Summary
PetroChina demonstrates a strong financial foundation with robust profitability and a well-managed balance sheet. However, the decline in revenue and free cash flow are areas of concern that could impact future growth. The company's solid equity base and controlled leverage position it well in the industry, but maintaining cash flow stability will be essential in sustaining financial health.
Income Statement
75
Positive
PetroChina's income statement reflects strong profitability with a gross profit margin of 22.79% and a net profit margin of 5.76% for TTM. The EBIT margin stands at 8.87%, indicating efficient operations. However, there is a noticeable decline in revenue over the past year, with a negative revenue growth rate of -10.48% from 2022 to 2023, which could be a concern for future growth.
Balance Sheet
80
Positive
The balance sheet shows a strong equity position with an equity ratio of 55.06% and a manageable debt-to-equity ratio of 0.17, reflecting limited leverage risk. The return on equity is solid at 10.60%, showcasing effective use of equity capital. PetroChina maintains a stable financial structure, although the decrease in total assets from 2022 to 2023 should be monitored.
Cash Flow
68
Positive
Cash flow analysis indicates a decline in free cash flow growth rate by -92.06% in TTM, primarily due to high capital expenditures. The operating cash flow to net income ratio is 0.64, suggesting moderate cash flow generation relative to net income. The free cash flow to net income ratio is 0.05, showing limited cash flow available after capital spending. This highlights potential cash flow challenges despite overall profitability.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
2.88T2.94T3.01T3.24T2.61T1.93T
Gross Profit
656.09B662.76B710.43B788.05B613.06B452.16B
EBIT
255.38B255.29B253.02B-1.39B161.15B75.94B
EBITDA
258.17B491.82B484.59B446.98B379.25B277.60B
Net Income Common Stockholders
165.80B164.68B161.14B148.74B92.16B33.48B
Balance SheetCash, Cash Equivalents and Short-Term Investments
299.70B219.06B277.28B233.30B167.51B145.95B
Total Assets
2.84T2.75T2.75T2.67T2.50T2.49T
Total Debt
263.74B254.00B295.62B464.51B470.30B498.14B
Net Debt
-27.82B37.75B25.74B273.32B333.51B379.51B
Total Liabilities
1.08T1.04T1.12T1.14T1.09T1.12T
Stockholders Equity
1.56T1.52T1.45T1.37T1.26T1.22T
Cash FlowFree Cash Flow
8.26B103.88B174.08B148.53B75.91B61.85B
Operating Cash Flow
106.25B406.53B456.60B393.77B341.47B318.57B
Investing Cash Flow
-287.98B-307.35B-255.79B-232.97B-213.03B-181.99B
Financing Cash Flow
-121.94B-178.88B-146.57B-113.71B-107.97B-99.40B

PetroChina Company Technical Analysis

Technical Analysis Sentiment
Positive
Last Price6.94
Price Trends
50DMA
6.12
Positive
100DMA
6.07
Positive
200DMA
6.04
Positive
Market Momentum
MACD
0.22
Negative
RSI
75.86
Negative
STOCH
94.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0857, the sentiment is Positive. The current price of 6.94 is above the 20-day moving average (MA) of 6.52, above the 50-day MA of 6.12, and above the 200-day MA of 6.04, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 75.86 is Negative, neither overbought nor oversold. The STOCH value of 94.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0857.

PetroChina Company Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$1.65T7.41
7.42%-7.86%-0.39%
57
Neutral
$7.22B3.15-4.49%5.63%0.82%-49.15%
$17.91B5.5612.03%5.82%
$105.29B11.3012.78%7.39%
$90.81B9.19
9.14%
€100.49B5.7919.25%7.60%
¥821.79B5.7619.51%6.88%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0857
PetroChina Company
6.94
-0.17
-2.39%
CCOZF
China Coal Energy Co
1.06
-0.14
-11.67%
CUAEF
China Shenhua Energy Co
4.28
-0.35
-7.56%
SNPMF
China Petroleum & Chemical
0.54
-0.01
-1.82%
DE:NC2B
CNOOC Limited
2.18
-0.17
-7.23%
HK:80883
CNOOC Limited
16.94
-1.65
-8.88%

PetroChina Company Corporate Events

PetroChina Approves Key Resolutions at 2024 AGM
Jun 5, 2025

PetroChina Company Limited has announced the successful passage of several resolutions at its 2024 Annual General Meeting and the 2025 Shareholders’ Class Meetings. Key decisions include the approval of the 2024 financial report, profit distribution plan, and the appointment of KPMG as auditors for 2025. Additionally, a new independent non-executive director has been appointed. These resolutions are expected to strengthen the company’s governance and financial planning, potentially enhancing its market position and shareholder value.

The most recent analyst rating on (HK:0857) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Announces Board Composition and Strategic Focus
Jun 5, 2025

PetroChina Company Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides insights into the company’s governance structure and indicates a strategic focus on sustainable development, investment, and remuneration, which could influence its operational and market strategies.

The most recent analyst rating on (HK:0857) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Declares Final Dividend for 2024
Jun 5, 2025

PetroChina Company Limited announced a final cash dividend of RMB 0.25 per share for the financial year ending December 31, 2024, with an equivalent payment of HKD 0.2727 per share for Hong Kong shareholders. The announcement includes details on withholding tax rates applicable to non-resident shareholders, reflecting the company’s compliance with international tax agreements and its commitment to shareholder returns.

The most recent analyst rating on (HK:0857) stock is a Hold with a HK$5.70 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Announces AGM with Key Director Election
May 21, 2025

PetroChina Company Limited has announced a supplemental notice for its Annual General Meeting (AGM) scheduled for June 5, 2025, in Beijing. The key agenda item is the election of Mr. Zhang Yuxin as an independent non-executive director. This meeting is crucial for stakeholders as it involves decisions on company leadership, potentially impacting PetroChina’s strategic direction and governance.

The most recent analyst rating on (HK:0857) stock is a Hold with a HK$5.70 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.

PetroChina Proposes Appointment of New Independent Director
Apr 29, 2025

PetroChina Company Limited has announced the proposed election and appointment of Mr. Zhang Yuxin as an independent non-executive director, pending shareholder approval. Mr. Zhang brings extensive experience in the power and energy industry, which could enhance PetroChina’s strategic positioning and governance, potentially impacting its operational efficiency and stakeholder relations positively.

PetroChina Reports Resilient Q1 2025 Financial Performance Amid Revenue Decline
Apr 29, 2025

PetroChina Company Limited reported its first quarterly results for 2025, showing a decrease in revenue by 7.3% compared to the previous year, totaling RMB 753,108 million. Despite the revenue decline, the company achieved a 2.3% increase in profit attributable to owners, amounting to RMB 46,809 million. The report highlights a significant improvement in net cash flows from operating activities, which rose by 25.3% to RMB 139,436 million. These results indicate a strong financial position with total assets increasing by 3.2% and equity attributable to owners rising by 3.3%, reflecting PetroChina’s resilience and strategic management in a challenging market environment.

PetroChina Announces 2024 Annual General Meeting and Strategic Financial Plans
Apr 16, 2025

PetroChina Company Limited has announced its annual general meeting for 2024, scheduled for June 5, 2025, in Beijing. The meeting will address several key resolutions, including the approval of the 2024 financial report, profit distribution plan, and the appointment of auditors for 2025. Additionally, a special resolution will be considered to grant the board a mandate to issue debt financing instruments up to RMB100 billion, highlighting the company’s strategic financial planning and potential market expansion.

PetroChina Announces 2025 H Shareholders’ Class Meeting to Discuss Share Repurchase Mandate
Apr 16, 2025

PetroChina Company Limited has announced the convening of its 2025 first H Shareholders’ Class Meeting, scheduled for June 5, 2025, in Beijing. The meeting will focus on a special resolution to grant the Board a general mandate for repurchasing company shares, a move that could impact the company’s share value and investor relations. This decision reflects PetroChina’s strategic approach to managing its equity structure and enhancing shareholder value.

PetroChina Announces Final Dividend for 2024
Apr 16, 2025

PetroChina Company Limited has announced a final cash dividend of RMB 0.25 per share for the year ending December 31, 2024. The dividend will be subject to various withholding tax rates depending on the residency status of shareholders, with specific provisions for those in countries with tax agreements with China. This announcement reflects PetroChina’s financial performance and commitment to returning value to shareholders, potentially impacting investor sentiment and market positioning.

PetroChina Schedules Board Meeting to Review Q1 2025 Financial Results
Apr 15, 2025

PetroChina Company Limited has announced that its board of directors will meet on April 29, 2025, to consider and approve the financial results for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s financial health and performance, potentially impacting its market position and stakeholder interests.

PetroChina’s Major Shareholder Plans Significant Shareholding Increase
Apr 8, 2025

PetroChina Company Limited announced that its controlling shareholder, China National Petroleum Corporation (CNPC), plans to increase its shareholdings in the company by purchasing additional A and H shares over the next 12 months. This Shareholding Increase Plan, valued between RMB2.8 billion and RMB5.6 billion, reflects CNPC’s confidence in PetroChina’s future prospects and aims to strengthen its position in the market. The plan will be executed through centralized price bidding and secondary market purchases, funded by CNPC’s internal resources. PetroChina will monitor and disclose any developments regarding the plan, although there are risks of partial or non-implementation due to market fluctuations.

PetroChina Announces Supervisor Resignation
Apr 3, 2025

PetroChina Company Limited has announced the resignation of Mr. Cai Yong from his position as a supervisor due to a change in his work arrangement. His departure does not affect the statutory quorum of the Supervisory Committee, and he leaves without any disagreements or unresolved issues with the company. The company acknowledges Mr. Cai Yong’s diligent contributions to its operations and development, expressing gratitude for his service.

PetroChina Announces Resignation of Independent Director
Mar 30, 2025

PetroChina Company Limited announced the resignation of Mr. Zhang Laibin from his roles as an independent non-executive director, chairman of the examination and remuneration committee, and member of the sustainable development committee due to work arrangements. The company plans to appoint new directors and committee members promptly to comply with regulatory requirements. Mr. Zhang’s departure is amicable, with no disagreements reported, and the board expressed gratitude for his contributions to the company’s development.

PetroChina Announces Board of Directors and Committee Roles
Mar 30, 2025

PetroChina Company Limited has announced the composition of its board of directors and the roles of each member, highlighting the leadership structure and committee memberships within the organization. This announcement underscores the company’s commitment to governance and strategic oversight, which is crucial for maintaining its position in the competitive energy sector.

PetroChina Declares Final Dividend for 2024
Mar 30, 2025

PetroChina Company Limited has announced a final cash dividend of RMB 0.25 per share for the financial year ending December 31, 2024. The dividend will be subject to withholding tax, with specific rates applied depending on the residency and type of shareholders. The ex-dividend date is set for June 17, 2025, with payment scheduled for July 24, 2025. This announcement reflects PetroChina’s commitment to returning value to its shareholders, potentially impacting its market positioning by attracting investors interested in dividend income.

PetroChina Releases 2024 Financial Results, Reinforces Industry Leadership
Mar 30, 2025

PetroChina Company Limited has released its results announcement for the year ended December 31, 2024, highlighting the company’s financial performance and operational achievements. The financial statements, audited by KPMG Huazhen LLP and KPMG, received unqualified opinions, indicating a strong financial position. This announcement underscores PetroChina’s continued leadership in the oil and gas industry, with implications for its market position and stakeholder interests.

PetroChina Schedules Board Meeting to Approve Annual Results and Dividend
Mar 14, 2025

PetroChina Company Limited has announced a board meeting scheduled for March 28, 2025, in Beijing. The meeting aims to review and approve the company’s annual results for the year ending December 31, 2024, and discuss the recommendation for the distribution of a final dividend. This announcement signals the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting its market positioning and stakeholder relations.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.